UCO Bank

Hi,
Wanted to get some views on UCO Bank. Trading at around Rs 25, I feel this co. has been quiet undervalued since it's margins were under a lot of pressure since a few qtrs. but now they show signs of improving. And when compared to it's peers UCO seems to be a good pick.
Comments please
thnx
-anand

It's gone up 10% today buddy. I think it would still be a good pick as it is close to its 52w low... wait for a slight dip.

It will be better if you ask this question in Amit's thread (some good steals) about fundamentals OR in Saint's thread for its trends (intrim uptrend).

Happy investing.

Or you can also take help of 'vvonteru' with 'I can help you reading the charts' as subject of his thread.

The hindu Business Line gave a Buy Signal for this Scrip in their yesterday's Sunday Edition.

They have good track record in suggesting some good shares. You need to decide for yourself.

in charts it is at rock bottom... has good support levels at and around 20-25 with stiff resistance at 40 levels...

It need to close above 40 to give a big break out.....

Satya