Sudarshan Sukhani, s2analytics.com advises to buy IDBI Bank at current levels.
Sukhani told CNBC-TV18, “IDBI Bank is one of the banking stocks that has been let aside. But now it seems that the first signs of bottoming out, reversal process is visible and because there is more scope for IDBI, stocks like IDBI to go up. The run up has not yet started, so buy IDBI Bank.”
On April 18, IDBI Bank closed at Rs 86.25, up Rs 1.80, or 2.13 percent. It has touched an intraday high of Rs 86.80 and an intraday low of Rs 84.25.