Exit Andhra Bank on rally: Kunal Saraogi

Kunal Saraogi, CEO of Equityrush told CNBC-TV18, "Andhra Bank has been an underperformer, the under performance is likely to continue. The entire public sector undertaking (PSU) bank basket is likely to underperform the rest of the banks. So the rally or the momentum is clearly in private sector banks and that is where you should be."

"There is no rational to exit just yet, because Andhra Bank now has corrected very substantially. It is trading close to its support level. So wait for a rally to exit the stock and if you get prices close to about Rs 85, it would be a good idea to exit out of Andhra Bank and move onto something which has got a higher momentum. You could probably look at something like YES Bank or maybe IndusInd Bank which has broken on the charts, even ICICI Bank in case you want stick to the large caps," he said.