Sudarshan Sukhani, s2analytics.com is of the view that one can buy Canara Bank .
Sukhani told CNBC-TV18, "In a remarkable rally that we are seeing almost everything looks good and that applies to Canara Bank. The stock has rallied from Rs 370-470 in just 10 days. Bank Nifty or lot of these midcap PSUs have outperformed. While I would still favor the largecap private banks and the smaller private banks over PSUs, Canara Bank is a buying opportunity."
He further added, "For banks there is a caveat. Some of them have run-up so much that it's almost given an inevitable that they will take a breather. That would be a consolidation also. So please be careful when you go for individual banks."
" IDFC is a better chart in the sense that it's still possible to buy it now even after the run-ups that we have seen. It's possible we can see a target of Rs 135-140. It's been a relative underperformer and it can play catch up."
