Parag Doctor, Head - Trading Strategies of Keynote Capital's told CNBC-TV18, "We are advising a switch out of South Indian Bank. The stock has been an underperformer over the last couple of years and we don't see any visibility on the upside more than the Rs 24-25 levels."
"So, what I would advice is to reduce partially at current levels. In case there is a short-term rally, one should exit totally around Rs 24 levels and switch to a largecap private sector bank like HDFC Bank, which should give much better returns on the upside over the next one or two years," Doctor added. Also Read: RBI inaction pushed rupee to 60; can hit 62 now: HDFC Bank
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