Prefer Bank of Baroda: Gaurang Shah

Gaurang Shah of Geojit Financial Services told CNBC-TV18, "In stock market, one of the most important rule you have to understand is you need to be extremely disciplined, otherwise the market is going to punish you very bad. We had coverage on Andhra Bank but because of bad numbers and underperformance, we had dropped the coverage on Andhra Bank. I would advise to make a switch to Bank of Baroda. On Bank of Baroda, we have a target of Rs 200-220 from a long-term basis."

At 15:06 hrs Bank Of Baroda was quoting at Rs 160.25, up Rs 1.30, or 0.82 percent.

The share touched its 52-week high Rs 202.45 and 52-week low Rs 152.25 on 05 May, 2017 and 28 June, 2017, respectively.