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Bullish on SBI, Indian Overseas Bank may test Rs 33: Rajat Bose

Rajat Bose of rajatkbose.com is bullish on State Bank of India and feels that Indian Overseas Bank may test Rs 33.

April 01, 2016 / 11:36 IST
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Rajat Bose of rajatkbose.com told CNBC-TV18, "I am quite bullish on State Bank of India (SBI). The stock is trading at Rs 194.50. Put a stop loss below Rs 191 and you can expect Rs 198.75 to about Rs 199 on the upside. If it were to cross Rs 200 then further upswing can happen.""Regarding Bank of Baroda (BoB) I am still looking at Rs 155, these are the two banks I have enough confidence in. If you were to play the midcap or the smallcap banks those who are on a recovery mode in small degree like Indian Overseas Bank (IOB), it looks well set to scale up to something like Rs 32.50-Rs 33 on the upside," he added.

first published: Apr 1, 2016 11:36 am

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