Vijay Chopra of enochventures.com told CNBC-TV18, "There are major asset quality concerns as far as Syndicate Bank is concerned. We have seen whatever has happened to ICICI Bank and State Bank of India (SBI). I think that SBI can further fall down. My level is around Rs 150 where one can probably get into SBI, which is a far better placed bank and then Syndicate Bank."
He further added, "It is always better to be with the frontline, with the top run companies rather than the second run companies. So my take would be that one should invest into SBI and look for about Rs 150-155 levels where one can get into this stock. With long-term perspective, my target for SBI is Rs 250."