Enter in Dhanlaxmi Bank and DCB at current levels, says SP Tulsian of sptulsian.com.
Tulsian told CNBC-TV18, "My weakest view amongst the sector is on the banking because the kind of fear, which we have been seeing and if you see the pestering happening to the midcap PSU banking stocks maybe like Syndicate Bank , UCO Bank , Central Bank , Allahabad Bank , Andhra, Dena, all these are showing really weak trend even Union Bank can get placed in the same category, so I won't really be adventurous to plunge into this banking stocks, but yes, as you have mentioned for DCB and Dhanalakshmi probably both are having some news expectations."
He further added, "Dhanalakshmi is likely to come out or revive their QIP plans, which they have been talking, so the kind of corrections, which we have seen maybe Rs 40 could be the level where one could keep a view, same thing is with DCB because again this comes on a radar that as a takeover target because maybe 6-8 months back also there was news that probably HDFC Bank is looking to acquire it because the kind of proximity or the soft liking have by the promoters of DCB, though one can acquire these banks, but yes, you need to have a time horizon of 6-12 months and then smaller banks can be acquired at the target of Rs 40 and Rs 30."
