A motorcyclist and passenger travel past branches of ICICI Bank Ltd., HDFC Bank Ltd. and Punjab National Bank on a near-empty street in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
Financial stocks would be a good bet in the market as restrictions due to the second wave of Covid-19 ease and the economy starts to recover once again, according to ValueQuest Investment Advisors’ Ravi Dharamshi.The first trade is financials because every economic revival is preceded by a boom in the credit cycle, the founder and managing director of ValueQuest told BloombergQuint in an interview. “The good banks are willing to grow...