According to Nooresh Merani, CEO of Analyse India, one may hold Bank of Baroda and Punjab National Bank.
Nooresh Merani, CEO of Analyse India told CNBC-TV18, "In public sector undertaking (PSU) bank space the two top bets would be State Bank of India and Bank of Baroda and maybe Punjab National Bank . All the stocks have corrected almost 20-30 percent in the last one month."
He further added, "In the short-term we are expecting good bounce back from the zones of Rs 160 for Bank of Baroda and Rs 150-155 for PNB. So one can add the stocks here and that could be sold off on rise back to closer to 15-20 percent from the lows. So I would continue to hold and add this stock at current levels."
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Hold Bank of Baroda, PNB: Nooresh Merani
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