Stay with Federal Bank, says Avinnash Gorakssakar

Avinnash Gorakssakar, Market Expert told CNBC-TV18, "One should hold on Federal Bank. It definitely should do well in FY18 also and our sense is that this has been a strong favourite of the FIIs as well as the local funds. In terms of asset quality also, they have put up a very good show."

"Our sense is that with macro numbers improving overall, I would believe that FY18 should be a lot better. So, probably one could get a better upside if one can hold on for the next three to six months and then after that one could possibly exit," he said.

At 15:21 hrs Federal Bank was quoting at Rs 107.60, up Rs 13, or 13.74 percent.

It has touched a 52-week high of Rs 109.