Buy Canara Bank, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I have a buy in Canara Bank. It has fallen a lot; it has gone into a consolidation and has not broken out. I am assuming it will breakout. A lot of PSU banks had fallen and started building small choppy bases. So I expect the next move should be up."

At 10:41 hrs Canara Bank was quoting at Rs 422.95, up Rs 7.50, or 1.81 percent. It has touched an intraday high of Rs 426 and an intraday low of Rs 414.25.

The company's trailing 12-month (TTM) EPS was at Rs 58.55 per share. (Dec, 2014). The stock's price-to-earnings (P/E) ratio was 7.22. The latest book value of the company is Rs 642.16 per share. At current value, the price-to-book value of the company was 0.66. The dividend yield of the company was 2.6 percent.