Karnataka Bank can go upto Rs 166: Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, “I will be taking a positive view on Karnataka Bank and the best part is that now it is ruling at a lower end of its band which is seen at Rs 150. I am happy with the asset quality improvement because that has been the case for taking a positive view on many of the stocks and whenever three or four stocks like Mahindra and Mahindra Financials, L&T Finance or Karnataka Bank whenever we have these banking themes again reviving that RBI will be expeditiously doing so again the merger and amalgamation amended theme starts happening on this Karnataka Bank as well and swiftly it goes up. So, for the trader one should take a positional view. I don’t think that on the lower side there is much risk, but on the higher side one can expect a target of Rs 166 in next 3-4 days because I am not disappointed with the numbers.”