Bank of Baroda may move higher, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "PSU Banks are bottoming out and that seems to be the sense, although I have not been a fan and they are going to underperform apparently. At this point, for example Bank of Baroda after that V-shaped rally is moving sideways. It is possible that it could have a breakout on the upside. Given the generally benign environment and the markets are up. So it is possible that PSU banks may have decent rally."At 09:20 hrs Bank Of Baroda was quoting at Rs 149.70, up Rs 0.75, or 0.50 percent. It has touched an intraday high of Rs 150.10 and an intraday low of Rs 149.15.