Get out of Vijaya Bank: Rajat Bose
"There are better stocks to be in and not Vijaya Bank, Vijaya Bank looks pretty weak."
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| Updated: Rajat Bose, rajatkbose.com, talks to ET Now on Vijaya Bank.
What is the call on Vijaya Bank?
Right from 26th of May, this is the third time when it has come down very close to about levels of 64-63. If 63 is decidedly breached, then that would be a fresh 52-week low and that would be very big weakness signal on the technical charts. I would suggest that investors should actually get out of this stock and if at all they have to choose a banking stock, there are better stocks to be in and not Vijaya Bank, Vijaya Bank looks pretty weak.
What is the call on Vijaya Bank?
Right from 26th of May, this is the third time when it has come down very close to about levels of 64-63. If 63 is decidedly breached, then that would be a fresh 52-week low and that would be very big weakness signal on the technical charts. I would suggest that investors should actually get out of this stock and if at all they have to choose a banking stock, there are better stocks to be in and not Vijaya Bank, Vijaya Bank looks pretty weak.
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