Rahul Shah of Motilal Oswal is of the view that one can buy State Bank of India 285 Call.
Rahul Shah of Motilal Oswal told CNBC-TV18, “PSU banks are showing some kind of momentum gather and the results has been in line with what the streets estimates are. In State Bank of India (SBI) we have seen some kind of additions in futures. I would play safe by adding 285 Call at current price, stop loss should be Rs 7 and target should be Rs 15.”
At 14:22 hrs State Bank of India was quoting at Rs 287.10, down Re 0.25, or 0.09 percent. It has touched an intraday high of Rs 290 and an intraday low of Rs 285.55.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.