Aashish Tater of FortuneWizard.com told CNBC-TV18, "The result is definitely going to be subdued for PSU banking space. I would suggest to switch from UCO Bank to something like Karur Vysya Bank which will give 18-20 percent from current levels. We expect asset quality concerns to hangover in all these kind of stocks, even in days to come."
On October 04, 2013 UCO Bank ended at Rs 62.25, down Rs 0.10, or 0.16 percent on the BSE.
The share touched its 52-week high Rs 86.65 and 52-week low Rs 46.00 on 09 January, 2013 and 28 August, 2013, respectively. Disclosure: Stocks discussed may have been recommended to clients.
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