Prefer BoB, Canara Bank to IOB: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that prefer BoB, Canara Bank, UCO Bank to IOB.

Sukhani told CNBC_TV18, “Indian Overseas Bank is not a very attractive PSU (Public Sector Undertaking) bank in the sense that there are much better banks here. Bank of Baroda (BOB), Canara Bank, UCO Bank, Dena Bank, all of them are better than IOB. So there is no sense in averaging. If at all you want to buy in a correction may be we are going to go in a correction in the next few days then I would suggest you buy Allahabad bank, Dena Bank instead of buying any further IOB. You wait patiently your cost prices will come sooner or later whether they come in 15 days or two months but they will come and then you should exit. Further additions should not be done in IOB. I have given you the names where buying is possible.”