Buy IDBI Bank, says Gaurang Shah

Published on Thu, Sep 09, 2010 at 11:31 |  Source : CNBC-TV18

Updated at Thu, Sep 09, 2010 at 12:08  

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Gaurang Shah, Geojit BNP Paribas Financial Services

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Buy IDBI Bank , says Gaurang Shah , Geojit BNP Paribas Financial Services.

Shah told CNBC-TV18, "IDBI Bank has given nice move yesterday with good amount of volumes both on the cash and F&O side at about Rs 133-134 was the close. I am looking at buying IDBI Bank with a target of about Rs 148 and I am putting a stop loss of about Rs 128."

He further added, "I guess this could give a fantastic move and overall the entire banking has given you good move considering that you corrected and then gave a flat to closing, so I feel that for today the banking sector could give you a good performance."

  

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