Hold Dena Bank: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one can hold Dena Bank.

Sukhani told CNBC-TV18, “The point is that PSU banks will begin a rally sooner or later, maybe six months down the like, maybe one year later. Dena Bank is reasonable quality. The prices are in a sharp correction. All said and done, one must be prepared to accept more downside. The stock could go all the way down to Rs 65 - that’s possible during the course of one year. Except that decline, one will also see better prices in the next year that in 2014. Just hold on to it.”