Prefer Karur Vysya Bank, IndusInd Bank: Jai Bala

Jai Bala of 1857 Advisors told CNBC-TV18, "In your Muhurat show we were very bullish on Karur Vysya Bank. We saw the stock rise from Rs 400 to Rs 550 but it has entirely given up all those gains and come back to the same level or close to the level that we spoke about in November. Karur Vysya Bank within the banking space still holds a lot of promise. It is set to take Rs 600 in the medium term and when the banking sector as such starts to recover it will do much more and beat the entire sector.""Even IndusInd Bank for that matter is holding up pretty well. It is oscillating between Rs 1,000 and Rs 800. So, if we can be a bit more patient and wait for the stock to cross over Rs 925-950 it is set to roll one more time," he added.