Axis Bank may test Rs 790-800: Pritesh Mehta

Aug 21, 2013, 02.25 PM IST

Pritesh Mehta of IIFL expects Axis Bank to head back to Rs 790-800.

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Axis Bank may test Rs 790-800: Pritesh Mehta

Pritesh Mehta of IIFL expects Axis Bank to head back to Rs 790-800.

Like this story, share it with millions of investors on M3

Axis Bank may test Rs 790-800: Pritesh Mehta

Pritesh Mehta of IIFL expects Axis Bank to head back to Rs 790-800.

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Pritesh Mehta of IIFL told CNBC-TV18, " Axis Bank at around Rs 860-870 would presents a perfect opportunity to go short. We can expect the stock to go back to levels of Rs 790-800."

The share touched its 52-week high Rs 1,549.00 and 52-week low Rs 944 on 20 May, 2013 and 20 August, 2013, respectively. Currently, it is trading 35.87 percent below its 52-week high and 5.24 percent above its 52-week low. Market capitalisation stands at Rs 46,578.25 crore.

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