Expect DCB to touch Rs 64-65: Ambareesh Baliga

Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, "We are positive on private sector banks and been recommending Development Credit Bank (DCB) where I see levels of about Rs 64-65 soon. It is very much possible that over the next five-six months we could see levels of Rs 75-80."

He further added, "We are recommending IndusInd Bank and this stock should move up another Rs 50-60 from here."

At 09:59 hrs Development Credit Bank was quoting at Rs 59, up Rs 0.60, or 1.03 percent. It has touched a 52-week high of Rs 59.60.