DCB can move to Rs 48-50: Baliga

DCB can move to Rs 48-50, says Ambareesh Baliga, COO of Way2wealth.

Baliga told CNBC-TV18, "We have been suggesting DCB because the sort of results, which we have seen over the last couple of quarters and especially the last result which came yesterday also has been more or less in lines, slightly better than what we are expecting."
He further added, "I think at these levels one should be buying because when the results had come last quarter we had the stock quoting closer to about Rs 60. So I will not be surprised if you again see levels of about Rs 48-50 again very soon for DCB."