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Buy Lakshmi Vilas Bank on declines: Shahina Mukadam

According to Shahina Mukadam, Independent Market Expert, one may buy Lakshmi Vilas Bank on declines.

November 29, 2017 / 14:50 IST

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "One should get into Lakshmi Vilas Bank at declines. I was pretty disappointed with the numbers, I think their NPAs while it is not comparable to any of the other PSUs, this is a small private sector bank, but still I think there was an asset quality deterioration."

"I believe that even the growth has come down. So I am positive on the bank but I would prefer buying it at maybe somewhere close to about Rs 165, in range of Rs 165-170," she added.

CNBC-TV18
first published: Nov 29, 2017 02:48 pm

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