Invest in PSU banks at current levels: Tata Investment Corp

PUBLISHED ON: July 19, 2011 | Duration: 26 min, 12 sec

  
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Mehrab Irani, GM – investments at Tata Investment Corp, says he prefers to remain cautious on markets. He adds that valuations are looking attractive on the PSU front and it may be a good time to enter these stocks; however, he expects 20-30 per cent margin compression in these banks.
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