Why Sudip Bandyopadhyay added these 2 stocks in last 30-45 days

“We had recommended adding a position in L&T and we still believe that it is a very well thought out call and for somebody wanting to build a portfolio, it is a great buy. The other area which we have been looking at is the market infrastructure companies. We believe CDSL, which is the leader with 75% market share in the depository space, has a long way to go,” says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital

Have you added positions anywhere in the market in the last month, month and a half?
In the last one and a half months, we have been talking of infrastructure and adding positions there. We did recommend adding a position in L&T and we still believe that it is a very well thought out call and for somebody wanting to build a portfolio,it is a great buy.

The other area which we have been looking at is the market infrastructure companies. There has been a significant increase in domestic participation in the financial markets and the way the insurance regulator has made dematerialisation of insurance policies mandatory, we believe CDSL, which is the leader with 75% market share in the depository space, has a long way to go. We have recommended adding CDSL as well in the portfolio of investors.

These are the two areas we have looked at and recommended to people. Apart from that, there are of course banks and financial services where we continue to remain positive and the deep correction that we have seen was an opportunity to buy stocks like SBI.

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Of course, there will be some excitement around the results which will come out any time now but leaving aside the temporary excitement of results, it is a secular upward journey which some of these PSU banks will show for some more time.

I have been bullish particularly on the PSU banks which were quoting at one time of book because there is definitely opportunity for value pickup and rerating for some of these PSU banks. SBI is in a different category but beyond that also, some PSU banks merit attention.