UCO Bank a good portfolio stock: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about UCO Bank.

How much more is there in UCO Bank? There seems to be no reason to sell it even on a day trade as the trend is pretty much nice and upwards for months. It has got enough time momentum to back up its price and volume.

It has been up for years. There is a huge difference between say Union Bank and Kingfisher in that Union Bank does not correct very much like Kingfisher did and this is now at an all time high. It has gone up. It was Rs 225 in mid 2007 - that’s when it peaked - it's way above that. Kingfisher still has a long way to go. So this is the kind of stock you would not worry too much about long term portfolio either. You would not worry too much about a bear market either because its downside may be quite limited compared to say a Kingfisher. So I think this is a pretty good portfolio stock as well.