Dena Bank is a good midcap pick, says PN Vijay, Portfolio Manager, askpnvijay.com.
Vijay told CNBC-TV18, "If one wants to live with a slight amount of worry on the NPAs because the PSU banks still are very attractive on price to book and in that Dena Bank looks very stunning because it's a smallest bank."
He further added, "It has about the type of price around Rs 95 or so which attracts peoples attention and Dena has a very nice NPA position and apart from that all the other capital adequacy coverage etc, all very good and I think it's a very attractive bank and if you are a bit tired of buying SBI and Bank of Baroda and ICICI Bank as many would be, I think Dena Bank could be a good midcap pick."
