“This sale was necessary,” says Ajay Srivastava of Dimensions Corporate Finance Services
He believes it is not a good idea to sell now but actually a good opportunity to buy as some sectors have been oversold. He expects the commodities sector to be a winner when the recovery occurs. According to him, the banks offer the best opportunity. Moreover, he calls banks “qualified loot” and foresees a lucrative mega opportunity at this point. However, in his view, small banks are in big trouble given the intense competition in the industry. However, these small banks are only candidates for investment from an M&A point of view and not from a fundamental point of view. He says fundamentally smaller players have no reason to survive.
REITs pull Rs 14,000 crore out of Indian stocks in June