UCO Bank, Axis Bank can add 8-15%: Mohindar
Rahul Mohindar of Viratechindia said, “UCO Bank or Axis Bank can still climb up a good 8-15% even from the current levels.”
“We have seen banks run-up in a very big fashion, which leaves me to think as I said my greatest problem at this point is when we start assessing risk reward ratio then we say, we might just get 15% upside but might just get 8% down day suddenly on some of these lower price banking stocks, double or triple digit stocks. So there is a risk reward ratio which is playing against you.
He further added, “UCO Bank or Axis Bank can still climb up a good 8-15% even from the current levels. But is am not willing to go out and buy this right away just keeping that risk reward ratio in mind. But a textile broadly does look interesting even from these levels but again from a medium-term cycle I do not see this as a one-two week play ahead.”
Disclosure: Analyst doesn’t hold the above stocks but have recommended it to his clients.
Source : MoneyControl
Tags: axis bank medium term, axis bank tips, banking stocks, hot tips, Mohindar, NSE Tips, share market india, short term view, views analyst
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