Expect Axis Bank to hit Rs 750, positive on Karur Vysya: Bala

Jai Bala of Cashthechaos.com told CNBC-TV18, "We have been positive on Axis Bank since November of last year and we have been expecting it to cross Rs 750 over the medium to long term and it is doing exactly that. We are quite happy by the way of price action at this point of time.""We have been also positive on Karur Vysya Bank, so we like these two names in the private banking space and I still think that they still have much more upside to come through, but in the short term you can see back and forth choppy price action. Once that is done, you can deploy additional capital. Until that you should need to be a little more patient if you are going to allocate fresh capital in these counters, but there is still upside yet to come through. The structure is still incomplete and therefore the higher upsides to come through for these stocks and much more bigger targets are there for these two names," he said.