Buy IndusInd Bank on dips: Gujral

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Buy IndusInd Bank on dips: Gujral

IndusInd Bank keeps making fresh highs. So this is one stock that you keep buying on all declines, says Technical Analyst, Ashwani Gujral.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Hold IndusInd Bank around Rs 229-232: Jain ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about IndusInd Bank See messages about IndusInd Bank IndusInd Bank BSE | NSE 21/02/12 Are Mutual Funds betting on IndusInd Bank?

IndusInd Bank keeps making fresh highs. So this is one stock that you keep buying on all declines, says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "IndusInd Bank keeps making fresh highs. So this is one stock that you keep buying on all declines. It is already at all time high. It should move like Karur Vysya Bank . So levels of even Rs 300 do not look impossible on this one."

IndusInd Bank touched an intraday high of Rs 235 and an intraday low of Rs 227.55. At 16:00 hrs the share was quoting at Rs 233.00, up Rs 6.80, or 3.01%. There were pending buy orders of 716 shares, with no sellers available. It was trading with volumes of 174,725 shares. Yesterday the share closed down 0.81% or Rs 1.85 at Rs 226.20.