Dhanlaxmi Bank may touch Rs 44, says Tater

Aashish Tater of fortunewizard.com told CNBC-TV18, "Dhanlaxmi Bank's current market cap is at a level where any new bank would be spending much more. It has got presence across south and has got limited presence across north but if one sees the number of branches and the value per branch that it is getting right now, we feel all the negatives in terms of asset quality and management has already been factored in this particular space."

"Taking a target of close to Rs 44 from next six months perspective anything on the move of merger and acquisition in the banking consolidation phase, private sector banks like Dhanlaxmi Bank with no identical promoters, will be a soft target for getting it merged at much better valuation. The reason is because the branch valuation at current level is available at a throwaway price. So this is one stock where a lot of money can be made in the banking space," he added.