One of the first few banks to be selected for disinvestment by the government would be IDBI Bank. It has really great financials with a promising future. Some really great companies are definitely coming forward to bid for IDBI. Above 45, a breakout is expected with targets 60/90/120/150.
Punjab National Bank is a very good stock, on the verge of breakout. I recommend this stock for the long term, as it has very high potential but has been severely beaten down due to the Nirav Modi fraud and a few other incidents.
1. Volumes are at all time high, suggesting market interest in the stock.
2. VERY undervalued for the sort of company it is, and...
Stock has been showing a lot of bullishness recently. It has recently broken the accumulation phase, and is on its path upwards. A strong resistance at 85, which if broken will lead to targets 130, followed by 200!