SBI can move to Rs 2300, says Sudarshan Sukhani

SBI can move to Rs 2300, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Canara Bank and Bank of Baroda (BoB) are two banking stocks I have been repeatedly saying should be bought into. Now it seems that UCO Bank is joining the list, so the three banks that I would be looking at – that doesn’t mean the others are not good enough, we are just short listing the ones I am looking at.
He further added, “State Bank of India (SBI) may not be giving those spectacular moves because it is a very large bank, an index heavyweight but it is doing all the right things. So for SBI, a rally towards Rs 2,300 is very likely that is roughly 15% higher than where we are now.”
“Shree Renuka Sugars has done the right things, it has made a very nice bullish pattern, and it is breaking out. It broke out on Tuesday; it is continuing giving us a follow through. So out of the sugar stocks Shree Renuka has the best charts. I would say at current levels it justifies buying.”