Stay invested in Dhanlaxmi Bank: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one can stay invested in Dhanlaxmi Bank. Dhanlaxmi Bank relatively better than DCB.

Sukhani told CNBC-TV18, “I like the chart of Dhanlaxmi Bank, the stock is now bottoming out. That process takes its own time, but in the next one-one and half years I can see it cross Rs 100. There will be volatility. The charts suggest a big move. Time is a different matter. I would be a buyer here. I would stay invested.”
He further added, "Development Credit Bank (DCB) is in an uptrend. It has seen the worst of its bear market. So that is behind it. For DCB it is quite possible that a sharp or big reaction maybe just on the anvil. Between DCB and Dhanlaxmi Bank I would say Dhanlaxmi Bank is better relatively speaking. Both are good opportunities. One must remember that this is not diversification. Both of them represent small private sector banks.”