Moody””s has assigned Baa3 rating to these bonds

A third run stock in a third runs sector, you don’t have much hope. I would probably get into something like Yes Bank, because at least there the stock has corrected and whenever the market turns around chances are it will bottom out and go up or try to get into some of the midcap IT stocks like Firstsource Solutions etc. Banking overall is in trouble and PSU banks and Bank of Maharashtra I think basically has no hope,” he said..

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