Hold Allahabad Bank, may move to Rs 120-125: Rahul Mohindar

Rahul Mohindar of viratechindia.com told CNBC-TV18, "We have seen a lot of consolidation in Allahabad Bank. The last three-four months has been rangebound and it's been a pain to hold to. Keeping a stop loss at about Rs 92, one can look at targets in the near term coming in at about Rs 105 but with that said we are seeing a major change across the public sector undertaking (PSU) banks.""We are seeing significant breakouts happening in PSU banks. So these stocks can be held, they could yield much more than Rs 105. We do think Allahabad Bank is capable of moving to about Rs 120-125 given four-six months holding pattern," he added.