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Buy banking, telecom stocks on decline: Mohindar

This article was posted on Jun 18, 2009 and is filed under Stock Views

Rahul Mohindar of Viratechindia is of the view that one can buy banking and telecom stocks with 3-4 months timeframe.

Mohindar told CNBC-TV18, “I think banking per se looks good. In fact sectorally, if I have to pick two sectors, on would be banking and telecom. I think both these are sectors I would not be willing to really go out and short, but instead buy on the declines for a three to four month kind of a outlook.”

He further added, “So, medium term these stocks look good and specifically I think both these counters look interesting. Just like if the market gives way one probably could see a room of 5-10% on the downside but again these are not stocks that I would throw out of the portfolio or go short on but instead accumulate as they get lower.”

source: Moneycontrol

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