Remain invested in Bank of India: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "We have seen that in the recent past Bank of India actually moved up and moved up considerably yet it failed and now it is very close to its 200-day moving average. Some foreign brokerage has already raised a flag that these big banks like Bank of India (BoI), Bank of Baroda (BoB), or maybe say Punjab National Bank (PNB), one should stay away because what would happen to these weak banks strong bank mergers."

"At the same time, this stock having surrendered the gains from Rs 200 to the current levels, is looking slightly weak. One can put a breakeven stop here again and hold on, see if you get some better prices and then only you think of an exit," he added.