Hold Axis Bank; target Rs 580: Vijay Chopra

Vijay Chopra of enochventures.com told CNBC-TV18, "There are positive rumours and I would say that Axis Bank has consolidated at lower levels and I suppose that it should see a serious upmove. My first target for the stock is Rs 580 and then Rs 620. So, definitely it is a good time to hold Axis Bank, I do not see any major damager in the markets also because the kind of buying which foreign institutional investors (FII) have been doing and the kind of resilience the market has shown did not fall down.""I am sure there are higher levels which market should achieve and same with Axis Bank. So, definitely one should hold on and have some patience. And I am sure, Rs 580 is a level which is quite achievable for the stock," he added.