Buy Development Credit Bank around Rs 43-45: Aashish Tater

Aashish Tater, Head of Research of Fortunewizard.com told CNBC-TV18, "South Indian Bank has got limited downside, but a potential upside. It has been a topsy-turvy kind of movement, which this particular stock has given. It has been testing Rs 28 level every year and then again retracing to Rs 20-22."

"One can switch to something like Development Credit Bank (DCB) because we like it at Rs 45 level. We feel this is one bank, which definitely has a potential to go to three digit mark from next two to three years perspective. Even at current levels, the valuation looks pretty lucrative compared to South Indian Bank. So, I would suggest a better strategic switch from South Indian Bank to Development Credit Bank at around Rs 43-45," he added.