SBI will touch a new high: Ashish Maheshwari

Ashish Maheshwari, Director, Globe Capital Market Ltd. in an interview with ET Now talks about SBI.

What is your take on SBI?

If you see the performance of the banking pack per se, it shows that the last quarter performance was not just one-off kind of event and the higher numbers also in this quarter.

That is why all banking stocks are going up and the momentum will continue in banking pack per se and here I am quite impressed with the numbers posted by SBI because SBI really got a fillip after Q1 numbers and with this 1900 crores odd tax payout, again you are going to see the stock touching a new high. It will be my pick after going through the advanced tax data.