Buy SBI, Axis Bank: Mohindar
Rahul Mohindar of Viratechindia is of the view that one can buy SBI, Axis Bank, Union Bank from a medium-term to long-term perspective.
Mohindar told CNBC-TV18, “It is very important to be selective in banking space because one has got a fairly wide choice here. I would look at going at State Bank of India (SBI), Axis Bank and at the same time if we look at Union Bank, these are three banking stocks that seem to be showing some kind of a consolidation formation. I would like to watch as I see the next three-four days remain very critical on the sustainability factor of these stocks. But broadly these are three-from a medium-term to long-term perspective-I would start nibbling into buying.
