UCO Bank stock price may rise in the coming days

Followed by the Finance Minister Mr.Chidambaram's way on lower interest rates, PSU banks have decided to cut the interest rates. PSU banks planning to cut interest rates on advances by 75 bps and and on deposits by 50 bps. PSU bank stocks like SBI, Bank of India and UCO bank and other PSU stocks may gain due to this. UCO bank may enter into the IPO market between Jan-Mar'09. UCO Bank has posted very decent Q 2 results. Today UCO banks are trading at Rs.32. UCO bank stock may gain another Rs.5-7 in the coming days. (thebullishtrends)