Any good pick from banking sector? Bankex is down due to downgrade of SBI Rating by Moody. My few picks -
1- ICICI Bank ( Moody upgraded the rating to C-)
2- Dena Bank
3- Yes Bank
4- SBI (Govt. Backing and largest)
Your views!
Any good pick from banking sector now?
Any good pick from banking sector? Bankex is down due to downgrade of SBI Rating by Moody. My few picks -
1- ICICI Bank ( Moody upgraded the rating to C-)
2- Dena Bank
3- Yes Bank
4- SBI (Govt. Backing and largest)
Your views!
I would go for Axis and SBI (old is gold).
You will pick up maximum wrong numbers when on roaming.
Go for SBI, Yes Bank for min 2 years time frame, both are good.
At the current price ICICI (Rs. 735) would give you min 10-15% return in short term.
My top picks in bank with reasons
1::SBI(Just for being the leader but dont touch unless it goes around 1400 levels as bad npa have still not come in result but surely it will)
2::Axis bank(Trying to peep up in pvt players)
3::Icici Bank(WHen sector is up this stock jump by leaps and bound)
4::Hdfc bank(strongest bank fundamentally but valuation still expensive)
5: dcb and karnataka bank(purely a hostile bid companies)
6::Canara bank(stock have fallen a lot in public space)
7::Yes ,karur vysya, or j&k bank(for niche sector performing well)
8::Union bank ,dena and uco(Almost upto 10% profit but trading around 52 weeks low level...can be invested but keep a watch)
9::BOB,PNB,BOI(strong banks in public sector but still trading at high levels)
SBI - Not sure about 1400, but good pick at 1500
Any input on Kotak Bank - Best bank and declined very less compared to it's peers.
Last edited by Manish_Kumar; 22-12-2011 at 03:40 PM.
Everyone has a scheme of getting rich.. Which never works.
Kotak is also good bank.Last quarter net profit was above 15 which is very good.Originally Posted by Manish_Kumar
But valuation wise its trading at 450+levels.
And its 52 weeks low level is 330.In this uncertain time ill bet a stock near or trading at those levels.And axis looks more near to those 52 weeks low level than kotak.
Also dividend wise kotak looks chindi paying 50 paise per share dividend compare to 14rs per share by axis.Ill bet on axis more than kotak.
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