Hold IndusInd Bank, advises Kunal Bothra

Kunal Bothra – Head Analyst Technical at LKP Securities told CNBC-TV18, "From a long term perspective I would hold on to IndusInd Bank because the stock has just broken out of a multi-year strong resistance pattern and I believe that the uptrend is just about getting stronger. If you look at the weekly volumes, it has been a very strong week in terms of volumes pick up as well and with the price action moving very well."

"So a one year target for IndusInd Bank could be as much as Rs 740-750 but if you could hold it on from a two to three years perspective there could be a chance that the stock may probably touch that Rs 1,000 odd mark as well," he said.