Bank of Rajasthan can touch Rs 70-72: E Mathew
Published on Tuesday, September 30th, 2008 at 2:49 PMAuthor: admin (5507 Articles)
Technical Analyst, E Mathew is of the view that Bank of Rajasthan has a headroom upto Rs 70-72.
“The chart of Bank of Rajasthan is not looking as encouraging as that of Axis Bank but yes, there is still headroom here. In fact Bank of Rajasthan when you look at it it’s a low-priced scrip, there is headroom upto Rs 70-72 which percentagewise works out to a very decent return.”
He further added, “Along with that I was looking at some of these Public Sector Banks (PSU) banks, the chart position is very good something like a Syndicate Bank, a Bank of Baroda and of course State Bank of India too. Surely at least in the month of October, these would continue to outperform the Nifty.”
Disclosure: It is safe to assume that analyst & his clients may have an investment interest in the stocks/sectors discussed.
Source : MoneyControl
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