Long-term target of 220 for Bank of Rajasthan: Sunil Shah

ET Now spoke to Sunil Shah, Director Equities, Indsec Securities & Finance Ltd, on his views on stocks.

ET Now: What would you do with Bank of Rajasthan, up 6% over 201? Would you go ahead and initiate a fresh long?

Sunil Shah: From this price, it is kind of very difficult to initiate a fresh long but having stated that, we think that the upside for Bank of Rajasthan will be still better off compared to an ICICI, given that it is a small fresh company compared to the larger company, which it is taking over the smaller one, so shareholders of Bank of Rajasthan will really benefit in the long term given ICICI's marketing reach. Net-net, from this price initiating a fresh long will be a very difficult thing.

ET Now: You would book profits into Bank of Rajasthan?

Sunil Shah: If you have a long-term horizon, may be you can hold on and say a target of about 220 thereabouts, one can look at booking the profits and moving out from Bank of Rajasthan.