Buy ICICI Bank, target Rs 360: Manish Hathiramani

Manish Hathiramani of Deen Dayal Investments told CNBC-TV18, "I have a buy call on ICICI Bank for a target of Rs 360 and stop loss of Rs 307. This necessarily is not a Futures trade; one can even look at this from a delivery perspective. I am seeing good bounce on certain stocks of the Nifty and ICICI Bank looks like a forerunner in that pack. It was range bound between Rs 300 and Rs 325. We are now trading above the upper band on the back of very good volumes."

At 13:54 hrs ICICI Bank was quoting at Rs 328.50, down Re 0.65, or 0.20 percent. It has touched an intraday high of Rs 331 and an intraday low of Rs 327.50.

Disclosure: Analyst has personal positions in YES Bank and there are relative positions in Ashok Leyland and ICICI Bank.