Gujral called it right that Dena would dip to 55. Thats exactly where the stock turned up from. But now he advises to buy the stock around those same levels. Unfortunately, the stock market is headed higher and with consolidation on the cards Dena will be red hot and will make new highs in the months to come. Infact once the merger is confirmed i expect Dena to be at life highs i.e. at 100 plus levels. So Dena will not come down to 55-56 unless there is a stock market crash sometime soon. Would reco. buying at current levels since i think the best days of Dena are ahead of it.
I agree with you. In my opinion one should hold Dena Bank to get the target of 95. However I would not recommend buying Dena bank at current level, prefer Vijaya bank for buy
Dear money maker
no two experts are ablle to arrive at consesus on singe stock thses days.when the announcement on dena merger with Canara is positive how any body can give low call.The experst are misleading retail market by such statements. The dena bank gained 10% on news and consolidating now to reach next level.There should not be panic like in telecom to dispose the stock!!!
| NIFTY 
