Buy Karnataka Bank with price target of 490: CK Narayan

In a chat with ET Now, CK Narayan, Growth Avenues Asset Advisors shares his views about Karnataka Bank.

ET Now: What is the call on Karnataka Bank?

CK Narayan: Buy Karnataka Bank as it has seen nice breakout upward from a very small range triangle. This is a news bagged kind of share which often gets visited with some amount of excess momentum periodically. So, look to buy KTK Bank with stop loss of about 104 and target of about 116-180.