Buy UCO Bank, advises Sahil Kapoor

Sahil Kapoor of Edelweiss Securities told CNBC-TV18, "From a short-term perspective, UCO Bank is a good bet. There are very few banking stocks which are outperforming either the midcap or the Nifty. In F&O stocks, UCO Bank is performing quite well in the last two-three months and the kind of volume and open interest (OI) gains that we have seen, it clearly indicates that the stock is headed high."

"In the last two weeks of heavy selling in banking stocks only UCO Bank could hold on to its weekly low which was about Rs 71-72. So I think this clearly shows that the momentum is with the bulls for UCO Bank. So possibly close to Rs 77-78 one can buy UCO Bank and can expect the stock to go to Rs 87-88 levels. Stoploss should be below Rs 72, so I think it is a good bet from current levels," he said.

Disclosure: He has advised his clients to hold position in the stock.

Anda sedang membaca artikel tentang

Buy UCO Bank, advises Sahil Kapoor

Dengan url

http://sehatgayahidup.blogspot.com/2013/11/buy-uco-bank-advises-sahil-kapoor.html?m=0

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Buy UCO Bank, advises Sahil Kapoor

namun jangan lupa untuk meletakkan link

Buy UCO Bank, advises Sahil Kapoor

sebagai sumbernya