Buy IDBI, target Rs 140 in 6 months: Avinash Gupta

In a chat with ET Now, Avinash Gupta, Assistant Vice President Research Equity, Bonanza Portfolio Limited, talks about his favourite pick in the banking space.

Which stock would you recommend in the banking space?

We are recommending IDBI Bank which is available at about book value and government is also pumping in money. We are looking at a good performance ahead from the bank. Therefore, the stock can rise up to Rs 140 in about 6 months' time.