SP Tulsian bullish on Federal Bank, Dhanlaxmi Bank

SP Tulsian of sptulsian.com told CNBC-TV18, "I won't be too comfortable with Axis Bank because we do not know how the prices will really pan out. We have to see the 10 percent stake sell. We have seen that happening in case of Bharat Heavy Electricals (BHEL) and thereafter the stock has started correcting. We have seen that happening in Indian Oil Corporation (IOC). The moment we got that news that 10 percent stake sell will be done at the 10 percent discount of market deal we have again seen that rally getting fizzled out or maybe stopped at some point of time."

"One can't take a call on Axis Bank now at these levels. I am not comfortable with IndusInd Bank. I will be little cautious on ICICI Bank but I am very bullish on private sector banking stocks like Federal Bank, Dhanlaxmi Bank or may be Karnataka Bank," he said.

"One can take a call on South Indian Bank also but today it has run up by about 10-12 percent and probably I will look at Rs 21-22. So, take a call on the selective odd kind of private sector banks like Federal Bank, Karnataka Bank and Dhanlaxmi Bank which can give more returns."