SBI can touch Rs 2400-2420: Mohindar

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SBI can touch Rs 2400-2420: Mohindar

State Bank of India can touch Rs 2400-2420 and Axis Bank has target of Rs 1040, says Rahul Mohindar of Viratechindia

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about SBI See messages about SBI SBI BSE | NSE 10/02/12 Are Mutual Funds betting on SBI? Other Stocks in this news Axis Bank |

Rahul Mohindar of Viratechindia is of the view that State Bank of India can touch Rs 2400-2420 and Axis Bank has target of Rs 1040.

Mohindar told CNBC-TV18, "State Bank of India still looks very interesting, Rs 2,400 to Rs 2,420 is the target. I would peg over the next 2-3 weeks. On Axis Bank Rs 1,040 would be our first target; however it certainly has potential to head towards that Rs 1,100 mark."

He further added, "My estimate is that the banking space would be the one that would lead if the Nifty heads towards that 5,250 mark."