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When Economy Reopens, The First Trade Is Financial Stocks, Says Ravi Dharamshi
The good banks are already growing at 12-15%. So that tells you that the corporate lending cycle is coming back, said Dharamshi.
04 Jun 2021, 09:52 AM IST
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...
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