Buy Syndicate Bank, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Syndicate Bank was a long only idea because it is building a base for two months, coming out of it and all PSU banks are doing it. So for today, we thought Syndicate Bank is a good idea to buy."

At 10:21 hrs Syndicate Bank was quoting at Rs 86.85, up Rs 1.75, or 2.06 percent. It has touched an intraday high of Rs 87.25 and an intraday low of Rs 86.15.

The share touched its 52-week high Rs 137.60 and 52-week low Rs 61.05 on 21 May, 2013 and 20 August, 2013, respectively. Currently, it is trading 36.88 percent below its 52-week high and 42.26 percent above its 52-week low. Market capitalisation stands at Rs 5,424.52 crore.