VK Sharma of HDFC Securities is of the view that one can bet on Federal Bank from the midcap banking space.
VK Sharma of HDFC Securities told CNBC-TV18, "If somebody really wants to go to the midcap banks then one of the banks that fits the bill is Federal Bank, where you have seen positions being added. The stock has done technically well and fundamentally also much better placed then the others. If one wants to take a bet then Federal Bank is the one."
At 12:18 hrs Federal Bank was quoting at Rs 123.65, up Rs 1.15, or 0.94 percent. It has touched an intraday high of Rs 125.75 and an intraday low of Rs 123.20.
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