Hold OBC, prefer SBI from PSU space: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "This is the worst period for public sector undertaking (PSU) banks, may be more 10 percent down. Therefore, I would suggest holding Oriental Bank of Commerce (OBC). In four-five years time one will get good return. One can switch to State Bank of India (SBI). Whenever the PSU banks and nationalised banks rally, the SBI rally would be much better than many of these banks.""However, both banks are likely to do well. The chances are that SBI can do better and it is a blue chip and that is a choice one can make. One can switch to SBI or can stay as it is but stay invested," he said.At 11:59 hrs Oriental Bank of Commerce was quoting at Rs 177.60, up Rs 5.90, or 3.44 percent. It has touched an intraday high of Rs 178.90 and an intraday low of Rs 171.25.Disclosure: Analyst does not have position in any of the stocks.