The stock has been under a lot of pressure and has failed to hold on to bounces. Also, the last quarter results have shown a lot of pressure on the numbers. The company could also see pressure on the NPA front. Hence traders and investors need to be careful with the stock unless there is clear visibility on growth and on the NPA front.

At Rs.60 it may look like the downside risks are limited as it is just Rs.15 away. However, you need to wait for the stock at lower levels like Rs.50 to buy and there you can set a target of Rs.75 on the stock for a 3 month period.