Stay invested in Dhanlaxmi Bank: Sukhani

Written By Unknown on Senin, 28 Januari 2013 | 16.02

Sudarshan Sukhani, s2analytics.com is of the view that one can stay invested in Dhanlaxmi Bank. Dhanlaxmi Bank relatively better than DCB.

Sukhani told CNBC-TV18, "I like the chart of Dhanlaxmi Bank , the stock is now bottoming out. That process takes its own time, but in the next one-one and half years I can see it cross Rs 100. There will be volatility. The charts suggest a big move. Time is a different matter. I would be a buyer here. I would stay invested."

He further added, " Development Credit Bank (DCB) is in an uptrend. It has seen the worst of its bear market. So that is behind it. For DCB it is quite possible that a sharp or big reaction maybe just on the anvil. Between DCB and Dhanlaxmi Bank I would say Dhanlaxmi Bank is better relatively speaking. Both are good opportunities. One must remember that this is not diversification. Both of them represent small private sector banks."



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