DCB Bank may touch Rs 110, says Kunal Bothra

Kunal Bothra of LKP Securities told CNBC-TV18, "DCB Bank is one of the few stocks which is still holding above the 200-day moving average in terms of the banking names and showing good signs. At least in the mid-session today you saw signs where DCB Bank touched Rs 102-103 level and then from there on bounced. So there was good interesting move happening which is why I chose the stock from short-term perspective. I am looking at a target of at least Rs 110 on DCB Bank with a stop loss of Rs 100."

At 14:33 hrs DCB Bank was quoting at Rs 104.50, up Rs 2.60, or 2.55 percent. It has touched an intraday high of Rs 105.20 and an intraday low of Rs 102.25.

Disclosure: Analyst has no personal holdings on the stocks and it is possible that he may have recommended the same to his clients at LKP.