Sukhani told CNBC-TV18, "PSU Banks are now giving us signs of making minor basing patterns. A lot of them were in our buy list last week and that continues. PNB has made a lower low and then crossed resistance levels. So, it is just moving up, it has also broken out of a trading range. There is more upside here. It is not just PNB. I would say most PSU banks should reward traders this week."
The share touched its 52-week high Rs 942.90 and 52-week low Rs 659.00 on 18 April, 2012 and 30 August, 2012, respectively. Currently, it is trading 18.7 percent below its 52-week high and 16.32 percent above its 52-week low. Market capitalisation stands at Rs 27,095.50 crore.
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