Yes Bank may test Rs 375-380: Hemant Thukral

Hemant Thukral of Aditya Birla Money told CNBC-TV18, "I still feel that Axis Bank has not been able to cross Rs 515-520. We have been waiting for that range to be crossed, similar with ICICI Bank. So, within the banking space we only like right now on the rollover basis, Yes Bank. We feel that Yes Bank has started showing good rollovers, and we feel that stock can push itself to Rs 375-380 levels. Apart from that, banking is still struggling on the rollovers front."

"NBFCs rollovers have picked up. DHFL unfortunately we cannot buy again because it has gone into the ban after one day opening only. However, very strong rollovers there and even strong rollovers on Bajaj Finance and Bharat Financial. So I still feel NBFCs will be outperforming than banking. Within the banking space only Yes Bank we find where rollovers have been encouraging," he said.