Book profit in Karnataka Bank: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one should book profit in Karnataka Bank and shift to Bank of Baroda and Punjab National Bank.

Sukhani told CNBC-TV18, “Karnataka Bank prices have gone up more on news, it has outperformed the Bank Nifty and there seems to be no reason why this should persist in the long run. So I would say take your profits and shift to public sector undertaking (PSU) banks. The two large PSU banks Bank of Baroda and Punjab National Bank are appropriate opportunities. There is much more upside here.”