PSU Banks

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Bank loans jumped by around Rs 80,000 crore in the fortnight to January 1, with the year-on-year rise at a firm 13.66%, provisional data released by the Reserve Bank of India showed on Wednesday.

So friends one take buy & Andhra Bank  from small cap PSU segment.
Canara Bank from mid segment  for reasonable 15% gain in next few days.
Markets had anticipated hike in Capital Adequacy Ratio & rising yields due to Inflation & therefore most banks were didn't show much action last month.
By end of day today on can take fresh Long positions

Vijaya Bank @52-53 for TGT 65, downside of 48 in worst case.
Andhra Bank @ 102-105 for TGT 135, downside of 100 in worst case.

Comments

  1. pennystocksJanuary 17, 2010 at 4:46 AM

    I also like banks here, CBC came up ok, I had bought the preferred A about a month ago working on a few 100% gain now.

    ReplyDelete
  2. AnonymousJanuary 18, 2010 at 12:05 AM

    Hi perknlife i m very impressed by ur views & like to wish u good luck

    By the same lines of analysis i would like u to have look at scripts

    1) Spicejet :

    virtually no debt on balance sheet

    Under penetrated marked

    High growth oppurtunity

    Low mcap / sales

    2) Tata Motor DVR

    quoting at disc.

    so if u get price target of tatamotor at 1000 rs. in my opinion it should trade at atmost 15-20% discount

    so the dvr should be at 800 by same calc...

    so 60% UPSIDE easily possible

    This is my own research & i would like u to have my views

    Keep up the good work

    & thanks

    BYe


    from : Kunal Shah

    ReplyDelete

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