Buy SBI at 2650 levels: Ashish Kapur
On the way down, closer to 2650 would be a good level to re-enter and that is where one should try and buy SBI.
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| ET Now spoke to Ashish Kapur, CEO, Invest Shoppe India Ltd, on his views on State Bank of India.
ET Now: What is the call on SBI right now?
Ashish Kapur: Generally, public sector banks space is going to be on fire and SBI would lead the pack, there are no doubts about it. No point buying now. If you bought it at earlier levels, you are lucky, just keep holding on.
Obviously with the results which have come out and a target of 3000 plus seems on the cards but before that, it will cool off. On the way down, closer to 2650 would be a good level to re-enter and that is where one should try and buy SBI again if you have not bought already.
ET Now: What is the call on SBI right now?
Ashish Kapur: Generally, public sector banks space is going to be on fire and SBI would lead the pack, there are no doubts about it. No point buying now. If you bought it at earlier levels, you are lucky, just keep holding on.
Obviously with the results which have come out and a target of 3000 plus seems on the cards but before that, it will cool off. On the way down, closer to 2650 would be a good level to re-enter and that is where one should try and buy SBI again if you have not bought already.
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