Manoj Murlidharan Vayalar of IIFL PReMIA is upbeat on State Bank of India and Bank of India. SBI can touch Rs 2360 and Bank of India has target of Rs 362.
Vayalar told CNBC-TV18, “State Bank of India (SBI) at Rs 2,300 looks excellent. I feel Rs 2,360 which happens to be the weighted average price of the previous distribution that is what we can attain today. Obviously, the stop loss has to be at Rs 2,270 on the futures.”
He further added, “Second would be Bank of India. This is one stock where we are seeing good buying happening. So we are positive on that as well and we are expecting at least somewhere close to Rs 362 on that, stop loss should be Rs 341."