Buy ICICI Bank, says Gaurang Shah

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "Vakrangee was at Rs 110-115 a while back and had gone up to Rs 200 in a matter of about six-eight months. So, I would not comment on Vakrangee because we don’t have a coverage but if you want to have long-term investment and if you want it to be profitable then my advice would be to go and buy ICICI Bank in the private sector, a leading bank."He further added, "We do have a positive coverage and one year plus time horizon, we have a target of somewhere close to Rs 340-360 on ICICI Bank."