Vijaya Bank has target of Rs 50: N Pillai

Neppolian Pillai of Modern Shares & Stock Brokers is of the view that Vijaya Bank has target of Rs 50.

Pillai told CNBC-TV18, "I banking I am looking at the smaller lot rather than the bigger lot now because we are very bullish on them right at the bottom, when we thought that capital goods and banking will be the two pillars, on which the markets will rally they have already rallied. So Vijaya Bank at about Rs 38-39 looks good to me for a target of close to around Rs 50 and on the Central Bank of India at about Rs 63 for a target of around Rs 70 and Rs 74. These two looks good apart from Andhra and Allahabad Bank. I would go with the smaller ones as of now."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stocks/sectors.