Jan 23, 2013, 01.53 PM | Source: CNBC-TV18
ICICI Bank still looks as positive as it was looking and a target of Rs 1,465 is very much on the cards, says Regan F Homavazir of Darashaw.
Regan F Homavazir (more)
Fund Manager & Head Of Research, Darashaw | Capital Expertise: Equity - Technical
Homavazir told CNBC-TV18, "ICICI Bank still looks as positive as it was looking and a target of Rs 1,465 is very much on the cards. If you look at another stock like HDFC Limited or HDFC Bank - it also looks equally exciting for a target of over Rs 1,000."
He further added, "We have also been mentioning Karur Vysya Bank for quite some time and we believe it’s a wealth creator with a target of well over Rs 800. So the bank in terms of the private sector banks - they are not looking bad - the structure is looking on the contrary very good. It looks like it will be the one that will take the Nifty any higher."
"If we look at the PSU side - SBI is beginning to shape up very well and SBI shouldn’t move past Rs 2,500 very soon which we expect it to do and sustain. We are looking at a target well over Rs 3,000. So SBI is looking good. PNB is also looking as a reversal candidate. So all these banks put together does not show that the Bank Nifty is going to go any lower."
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