Expect 35-40% return in Dhanlaxmi Bank: SP Tulsian

Expect 35-40% return in Dhanlaxmi Bank in 12 months time, says Investment Advisor, SP Tulsian.

Tulsian told CNBC-TV18, "We have seen the recent guidelines have been announced by the RBI for the private sector banking and since then we have seen renewed interest in many of the stocks and in fact what is astonishing to see that many of the stocks have seen a rise in the market cap of more than Rs 1000 crore. The points in case are Bajaj Finserv, L&T Finance holdings, both these companies have seen a rise of Rs 1000 crore in their market cap and even in some other prospective companies, we have seen a rise in their market cap by about Rs 300-500 crore. So I thought that lets identify one bank that has already given quite a tech-savvy bank and that is Dhanlaxmi Bank."
He further added, "Dhanlaxmi Bank has 275 branches, the ATM