Canara Bank, BOB, PNB look good: Sukhani

Canara Bank, BOB and PNB are looking good, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, “I am not upbeat on private sector banks in general except for some of the smaller ones like Dhanlaxmi Bank, that is a different issue, but the larger ones which have actually rewarded traders and investors throughout the year; I am not upbeat on them. So I would say if somebody actually trades in Yes Bank, this is a good time to exit and take profits and shift to PSU banks. PSU banks have much more current in them.”
He further added, “I have been recommending banks for about three weeks now literally 5 times a day or 10 times a day saying that PSU banks should be bought into. That still is a valid proposition. Naturally, after this flare-up I do not know whether tomorrow will bring the same gains or not, but if somebody is willing to carry the position through the month of January most PSU banks will benefit and I will give you the three that are favorites, Canara Bank, Bank of Baroda, PNB and I am not using State Bank in this group, it is a different stock altogether, but most people can do very well if they select one of the three plus State Bank.”