Another reason.
IDBI has got lot of old investments at low values. Equally there are a lot of dud issues. In US, it would have attracted lot of attention. But here, market has to make the moves.
Buy only > 114.5. SL 109.3. It has to move abv 116 for some up moves. Or buy as close as possible to 109 as SL….. Only for RT. Signal for a buy is still not on. In case of market weakness, EXIT.
Increase in share capital in most cases is not favorable to price movements….
That may be one of the reasons Ind swift is lagging.
Abe
From: sharetrading@yahoogroups.com [mailto:sharetrading@yahoogroups.com] On Behalf Of Adarsh Vn
Sent: Saturday, June 12, 2010 4:11 PM
To: sharetrading@yahoogroups.com
Subject: [sharetrading] Why IDBI is Hot in Banking Sector ?????
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
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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Please use your discretion before acting on the ideas expressed in the group.
Happy Trading,
United we grow!!!
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