DG - Monthly economy review: Sharekhan Special dated December 18, 2008

 

Sharekhan Special [December 18, 2008] Please see the attachment for details Sharekhan www.sharekhan.com

Summary of Contents SHAREKHAN SPECIAL Monthly economy review For the period December 1–15, 2008, the BSE Bankex grew by 15.1% compared with the Sensex that saw an increase of 11.2% in the same period. The credit demand is likely to remain strong in the near term due to drying up of the alternative sources of funds. However, credit demand may remain lower going forward as economic activity slows down further. Though we have been cautious on the banking stocks due to the concerns over the quality of their assets, a further slide in bond yields, easing in corporate spreads and rapid rate cuts would warrant some easing of these concerns, thereby making these stocks attractive at the current valuations.

Regards, The Sharekhan Research Team myaccount@sharekhan.com Manage your newsletter subscriptions

 

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