IDBI Bank is a buy: Rohit Shinde, Nimbus Wealth Management

Rohit Shinde, Head Technical Research, Nimbus Wealth Management, in a chat with ET Now talks about IDBI Bank.

There are some banking stocks featuring on your list. What is your view on IDBI Bank?

PSU banking stocks were doing pretty well. But of late, even these private banking stocks have started moving. The second private banking stock I have recommended is IDBI Bank which is a buy above 164.25 for a target of 172 and a stop loss of 161.