Moneycontrol
Jan 12, 2017 03:28 PM IST | Source: CNBC-TV18

Hold South Indian Bank, may test Rs 32: Sandeep Wagle

Sandeep Wagle of powermywealth.com is of the view that one may hold South Indian Bank.

Sandeep Wagle of powermywealth.com told CNBC-TV18, "South Indian Bank is not that impressive, but I do not see it breaking Rs 19 and I expect the stock to move in the range of Rs 19 and Rs 25. So, suddenly, one will get a chance to book at higher levels. But in case Rs 25 is broken, then maybe a move towards Rs 32 is possible."

"So I would advise to hold on with a stoploss of Rs 20 and maybe book out nearer Rs 25 or maybe watch out nearer Rs 25 and then play for a target of Rs 32," he added.

At 15:21 hrs South Indian Bank was quoting at Rs 21.25, down Rs 0.15, or 0.70 percent on the BSE.
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