Canara Bank, Bank of Baroda may see further upside: Sukhani

Canara Bank and Bank of Baroda may see further upside, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, “PSU banks can still rally. One of them is Canara Bank and the other is Bank of Baroda which has done its bit today, but I suspect has much more upside left and the third one is Vijaya Bank. It is in no particular order. If somebody buys PSU banks on dips there is much more upside here. But these are the three which are probably going to play catch up faster.”
Canara Bank is trailing 12-month (TTM) EPS was at Rs 90.88 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 4.33. The latest book value of the company is Rs 465.57 per share. At current value, the price-to-book value of the company was 0.85. The dividend yield of the company was 2.8%.