Union Bank may move up further, says Kunj Bansal

Kunj Bansal , ED & CIO at Centrum Wealth Management is of the view that one may see Union Bank of India and ICICI Bank may move up further

Kunj Bansal , ED & CIO at Centrum Wealth Management told CNBC-TV18, "My view on the market is quite positive. If market, especially the indices have to move up then it is the high weight stocks which have to take the market up. So, as a result, in large cap ICICI Bank  is something which is very high weight in Nifty and Sensex. Looks like it will continue to participate. Today's correction gives a good base also for the stock to continue to move up. In terms of other banks, Axis Bank  is the other bank."

"Even in public sector banks, earlier we used to see a lot of pessimism which has gone down quite significantly. So, within that specifically, Union Bank of India  is one bank which looks very good to me which will continue to move upwards," he said.

Also Read: ICICI Q4 net up 15% on higher other income, retail advances

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