Buy DCB closer to Rs 38-39: Ambareesh Baliga

Buy Development Credit Bank (DCB) closer to Rs 38-39, says Ambareesh Baliga, COO, Way2Wealth.

Baliga told CNBC-TV18, "On dips surely we will look at buying those largecap names which is SBI, HDFC, Axis Bank, but at these levels in fact we have booked out to a certain extent whatever we bought at lower levels. We have seen a good 25-30% return. So it's better to wait for some sort of dip."
He further added, "Among the smaller ones I will surely look at buying DCB which again have been churning out extremely good results over the last couple of quarters expecting to do the same at least over the next 3-4 quarters. We again see that stock bouncing back to levels of about Rs 60-65. So closer to about Rs 38-39 in case we see that in the next couple of weeks, at those levels one should buy."