Allahabad Bank has target of Rs 150: Anu Jain

23391 Investors following Allahabad Bank. Share this News with them.

0

Like this story, share it with millions of investors on M3

Allahabad Bank has target of Rs 150: Anu Jain

Allahabad Bank has target of Rs 150, says Anu Jain, Vice President-IIFL Private Wealth Management at India Infoline.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Anu Jain See what other Experts & Brokerages are saying about Allahabad Bank See messages about Allahabad Bank Allahabad Bank BSE | NSE 10/02/12 Are Mutual Funds betting on Allahabad Bank?

Allahabad Bank has target of Rs 150, says Anu Jain , Vice President-IIFL Private Wealth Management at India Infoline.

Jain told CNBC-TV18, "Today banking sector is the strongest, so you buy Allahabad Bank around Rs 139 where it closed with a target of about Rs 150 and a stoploss of Rs 136. The only thing I would reiterate is that stop losses are important in this market; we have seen some of our calls do very well and some gets stopped out. So the idea is to lead the profits run and let the losses minimise. So if there is any trend change in the market at any time that helps us. As of now banking seems to the trend, it's been the strongest sector over the last 1.5-2 months seems that it's only getting stronger. So I think we would play into it but at the same time even if we buy it for a longer period of time, we just keep the trailing stoploss marking it up a little bit higher. So that you are safe at least the profits are safe."