Jai Bala of 1857 Advisors told CNBC-TV18, "My top pick on the banking sector was Axis Bank, so that is the top performer today. We have a price objective of
Rs 750 from a three month’s timeframe, so even at the current levels it is looking quite good. So the banking Nifty is heading somewhere close to 22000 plus, so there is still lot of steam left in that sector."
Axis Bank ended at Rs 608.75, up Rs 24.20, or 4.14 percent on the BSE.
The share touched its 52-week high Rs 655.35 and 52-week low Rs 377 on 04 March, 2015 and 08 August, 2014, respectively.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
