Avoid Coal India, bet on ING Vysya Bank: Pathik Gandotra

Oct 05, 2013, 03.20 PM IST

Pathik Gandotra of Dron Capital likes ING Vysya Bank. The stock looks cheap and the bank will do well on its asset quality parameters, he adds.

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Pathik Gandotra of Dron Capital likes ING Vysya Bank. The stock looks cheap and the bank will do well on its asset quality parameters, he adds.

Like this story, share it with millions of investors on M3

Avoid Coal India, bet on ING Vysya Bank: Pathik Gandotra

Pathik Gandotra of Dron Capital likes ING Vysya Bank. The stock looks cheap and the bank will do well on its asset quality parameters, he adds.

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Pathik Gandotra of Dron Capital told CNBC-TV18, "I will be very circumspect because there is a lot of government policy related issues with Coal India . In this environment of uncertain government policy, I would like to stay away from public sector undertakings (PSUs)."

"We like ING Vysya Bank . Obviously that stock is very cheap. It is going to be doing very well on its asset quality parameters. There will be at least moderate to high earnings growth for that stock. There is no big non-performing loans (NPL) problem and there are news articles that at some point ING might sell out. So if all these things perk out that could be a potential multibagger over the next two-three years," Gandotra said.

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