Hold Allahabad Bank, may test Rs 95: Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "Six months would be a reasonable period to hold Allahabad Bank because it would be a trading bet for me also, not more than that. However, I do see stabilisation coming into the numbers that they would report. So, from a loss to a profit and stabilisation I think I would look for a slightly higher price target somewhere close to Rs 95, hold it with a deep stoploss of about Rs 80; I would hold it for some more time and then book profit."

Allahabad Bank ended at Rs 87.70, down Rs 1.75, or 1.96 percent on the BSE.