Enter Axis Bank on declines: Fayeza Hafizee

ET Now spoke to Fayeza Hafizee, Vice President, Institutional Sales, Intime Spectrum Securities Ltd, on her views on Axis Bank.

ET Now: How do you rate Axis Bank?

Fayeza Hafizee: Axis Bank is a longer term pick, definitely. However, you have to look at all stocks currently in the context of the fact that markets have rallied significantly and it could be in a bit of a consolidation phase.

Axis Bank, for example today, has seen a bit of a rally. So I would not jump on the bandwagon right now, I would probably wait for a fall before I enter the stock.