My advise do not go by BV it is because they cheated retail investors and looted moneys at a premium of Rs.125 issued at Rs.135
Till it is dying to close above this level even after a gap of 15 yrs !! Gets support at 100 levels and resistance at 140 u can hardly get 8-10 % return if u hold for a year
Better buy stocks like Kotak, Axis & Yes who have better / robust B/S
Sowmya
Ingenious Investor Equity Research Division
Ravina Consulting No.429 Mahavir Tuscan Near Hoodi, Whitefield Mahadevapura Post BANGALORE 560048
For Free Stock Advise + Ideas sowmya@ravinaconsulting.com Talk / SMS 08105737966
Read - www.ingeniousinvestor.blogspot.com Follow us - www.twitter.com/smartinvestor --- On Sat, 6/12/10, Adarsh Vn <adarsh_vn@yahoo.com> wrote: From: Adarsh Vn <adarsh_vn@yahoo.com> Subject: [sharetrading] Why IDBI is Hot in Banking Sector ????? To: sharetrading@yahoogroups.com Date: Saturday, June 12, 2010, 5:41 AM
The reason why IDBI is hot??? Just the chart below which is self explanatory. Apart from that the Bank has approved a proposal for increase in the Authorised Share Capital of the Bank from Rs. 1250 Crore to Rs. 2000 Crore (divided into 200 Crore equity shares of Rs. 10/- each) as well as for empowering the Board to raise capital aggregating to not more than Rs. 700 crore Script | BV | PE | EPS | ICICI | 481 | 24 | 36 | HDFC | 471 | 30 | 65 | INDUSIND | 40 | 22.4 | 8.6 | Axis Bank | 400 | 21 | 62 | Kotak | 129 | 47 | 17 | Accroding the other private sectors Bank IDBI is trading very cheap even below the BV. Accumulate the same for long term point of view as it can catch fire in coming months. --- On Sat, 12/6/10, Adarsh Vn <adarsh_vn@yahoo. com> wrote:
From: Adarsh Vn <adarsh_vn@yahoo. com> Subject: [sharetrading] IDBI - Hot in Banking Sector To: sharetrading@ yahoogroups. com Date: Saturday, 12 June, 2010, 10:09 AM
Buy IDBI for a short-Medium Term for a target of 130-145-160 levels. Down side is very less, still one can keep a SL of 90/- --- On Sat, 12/6/10, Adarsh Vn <adarsh_vn@yahoo. com> wrote:
From: Adarsh Vn <adarsh_vn@yahoo. com> Subject: [sharetrading] Fw: Delivery - Long Term - second one To: sharetrading@ yahoogroups. com Date: Saturday, 12 June, 2010, 7:20 AM
Dear All, The other favourite one is PRECISION WIRES INDIA (BSE CODE 523539) Book Value of this stock is around 150/- and which is trading below the BV. The PE is around 6 where the sector is trading PE ratio of more than 90. Accumulate this script for long term point of view for a target of 200/-+++ in coming years.
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