Indian Overseas Bank doing good: Hemant Kale, Maia Financial Services

Hemant Kale, MD, Maia Financial Services in a chat with ET Now talks about banking sector with Indian Overseas Bank in particular.

Your thoughts on Bank of Baroda and Indian Overseas Bank?

Banking has been performing well. The averages are well placed and the investor confidence is definitely there. Bank of Baroda has moved up about 2.5% today and it looks to be still stronger.

Indian Overseas Bank has been also performing well and after a dip has started moving up, 3.5% rise today. The target for the medium term on this stock could be around 170 levels.