Stay invested in banking stock: Atul Badkar

Stay invested in banking stock, says Atul Badkar, Senior Manager, Institutional Equities, Edelweiss Securities.

Badkar told CNBC-TV18, "If the Index was to continue moving higher we believe that the banking names across the board will be the ones that will be taking the Index higher. We think the largecap banks, HDFC Bank for example or Axis Bank, ICICI Bank will give you a better delta. If the Index were to cross 5600 mark convincingly and close above that I think the banks that I just mentioned can easily give you a 4-5% upside.