Prefer ICICI Bank, SBI: Gaurang Shah

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "We do have positive coverage on both UPL as well as Jain Irrigation. Jain Irrigation has surpassed our target price of somewhere close to about Rs 80-85. It is trading close to about Rs 95-100, so it won’t be prudent on my part to advice in Jain Irrigation."He further added, "ICICI Bank and State Bank of India (SBI) with a long term time horizon would be an ideal investment and as a disclosure we do have coverage on both these names."