Tuesday 7 October 2008

HDFC Bank likely to lead the sector up: Bhambwani

Technical Analyst, Vijay Bhambwani is of the view that HDFC Bank is likely to lead the banking sector up.

Bhambwani told CNBC-TV18, "The private sector banks will lead the way and I am completely biased in favour of HDFC Bank. This stock is likely to lead the sector up."

He further added, "From the PSU space, State Bank of India (SBI) and then Indian Bank in that order of preference seem better poised to lead a bounce back."

Source: Moneycontrol

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