Technical Analyst, Ashwani Gujral is of the view that one can prefer IndusInd Bank to Karnataka Bank . IndusInd Bank has target of Rs 180.
Gujral told CNBC-TV18, "Karnataka Bank has a wild movement between 108 and 154. Its not the best private bank and if investor can get his acquisition price back then move on to something like an IndusInd Bank which is moving into new highs. So Karnataka Bank is just a hold and if he wants he can exit and get into IndusInd Bank and keep a stop at about 145 and look for targets of Rs 180 or even Rs 235."
Disclosure: I don't have a holding in the above mentioned stock.
