Buy SBI, PNB, Bank of Baroda: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one may buy Bank of Baroda, State Bank of India and Punjab National Bank.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I would be a buyer in  Bank of Baroda (BoB),  State Bank of India (SBI) and  Punjab National Bank (PNB). My own sense is that PSU banks are now bottoming out irrespective of what the fundamentals are. I think the markets discount a lot of news in advance. So, this is probably one sector where every dip should be a buying opportunity."

On March 20, 2014 State Bank of India ended at Rs 1,677.95, down Rs 29.40, or 1.72 percent.

The share touched its 52-week high Rs 2,469.25 and 52-week low Rs 1,452.90 on 20 May, 2013 and 28 August, 2013, respectively.

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