PNB has target of Rs 950: Sukhani

Published on Fri, Jan 13, 2012 at 10:19 |  Source : CNBC-TV18

Updated at Fri, Jan 13, 2012 at 10:36  

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Sudarshan Sukhani, s2analytics.com

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PNB has target of Rs 950, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Punjab National Bank is a better chart because banks are roaring; they are promising much higher levels, so PNB is a buy. It's probably a far better opportunity than infrastructure even though percentage gains maybe less. You look at a target of Rs 950 that's quite possible in PNB, it traded much higher earlier."

He further added, "Buy Sesa Goa . It's half of what it was four months ago. At this point, it's building small bases making higher highs on intraday charts and sometimes it's a high beta stock so you can get big run up if the run up starts. So, look for a target of Rs 200-198 and stock like Sesa Goa are preferred buys rather than infrastructure."

  

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