Exit Punjab National Bank; pick IndusInd Bank: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Basically Punjab National Bank (PNB) is a weak stock, weak structure, I don’t see any strength as yet. Best thing to do is you cannot go out of banks, banks need to be there if the market has to go up, I would rather exit from PNB and reinvest the money into either HDFC Bank or IndusInd Bank. I have both the stocks purely from a long-term portfolio. Certainly they are the better banks, reactions get absorbed and the basic structure in both these stocks are positive."On Friday, Punjab National Bank closed at Rs 105.15, up Rs 0.10, or 0.10 percent on the BSE.