Prasanth Prabhakaran on why Infosys earnings may be better than TCS

NBFCs are a clear avoid except for the larger ones like HDFC LtdNSE -1.30 % or CanFin Homes which have the capability of raising capital. Apart from that, auto is supposed to be weak. Telecom and pharma are also to be avoided, says Prasanth Prabhakaran, Joint MD & CEO, Yes Securities. Excerpts from an interview with ETNOW.

Why is there is such a large divergence between SBI and ICICI BankNSE -2.72 %?

SBI has the government on its side. ICICI has no such backing. There is the quality of management which will end up making a difference when you are deciding on your portfolio. An overhang of policies and decisions will always lie on SBI and that is why the market rightly keeps on rewarding the better players on the private side than on the PSU side.