Book profits in PSU banks on rally: Baliga

Ambareesh Baliga of Edelweiss Financial Services is of the view that one can book profits in PSU banks on any upside.

October 10, 2013 / 11:36 IST

Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, "We feel that banks should go down further from where it is right now especially the PSU space. So any sort of an upside, we are asking people to book out to a large extent."

At 10:29 hrs State Bank of India was quoting at Rs 1,622, up Rs 9.65, or 0.60 percent.

The share touched its 52-week high Rs 2,550 and 52-week low Rs 1,452.90 on 10 January, 2013 and 28 August, 2013, respectively.

first published: Oct 10, 2013 11:36 am

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