Sukhani told CNBC-TV18, "Union Bank is in my good banks list because it has done spectacularly. From Rs 170 it moved up to Rs 180. Primarily the good bank list consists of stocks that have moved up. So it is a simple list to make. What we have seen is a deep correction in all the banks. We cannot be afraid of that. The trend is still up and the same applies to Union Bank."
At 14:22 hrs Union Bank of India was quoting at Rs 252.90, up Rs 11.80, or 4.89%.It has touched an intraday high of Rs 256.50 and an intraday low of Rs 240.70.
The share touched its 52-week high Rs 288 and 52-week low Rs 150.10 on 02 January, 2013 and 30 August, 2012, respectively.Currently, it is trading 12.19% below its 52-week high and 68.49% above its 52-week low.
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