DCB may see good upmove: SMC Global

Jagannadham Thunuguntla of SMC Global Securities is of the view that one or two month DCB may see good upmove.

Thunuguntla told CNBC-TV18, “Development Credit Bank (DCB) had a decent run up. I think its seeing some small profit booking. I think it’s a healthy profit booking nothing to worry. I think once the RBI interest rate reversal cycle starts, its just matter of time maybe just one month this side or that side. I am sure the stock should be having a fresh momentum rally. I think in the next one or two months the stock may see good upward movement.”