Hold Dhanlaxmi Bank, target Rs 45: Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "Dhanlaxmi Bank is a hold at this level. I think that given everything that is happening in banking with recapitalisation and so much talk of consolidation etc, I think Dhanlaxmi Bank could be one of the banks that is looked at and if the financials also improve, it will be even more attractive. So I would have a target of closer to Rs 45-47 on the stock and at current levels I would continue to hold."

At 15:26 hrs Dhanlaxmi Bank was quoting at Rs 33.35, up Rs 0.05, or 0.15 percent.

The share touched its 52-week high Rs 44.70 and 52-week low Rs 22 on 17 May, 2017 and 27 December, 2016, respectively.