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rights issue below mp??
Posted by :
Guesti was jus going through the banks history and saw that rights issue was done at 240...whereas market price at tat time was 350....can anyone pls. explain the reason??...
buyout or swap better ??
Posted by : Guestcan anyone pls. explain cash buyout or swap is better for federal csb merger and y ?? and also in general when cash buy or swap is prefeered ?? ...
buy federalbank fno
Posted by : GuestAs per the privious coments it was suppose to reach a target of Rs.280.Let us know what are the Technical Trend indicating whether it is up or reversal treand and what should be the stop loss and up target for the month of Oct. ...
buy federalbank fno
Posted by :
ANANTH JOSHIbuy federalbank fno with a tgt 250...
not undervalued
Posted by : smartakkaSpeculation should not be guiding factor for buying a share. irrespective of its price, this is a good share to be invested. May be it will draw attention slowly...
Takeover target
Posted by : Guest
As Dalal Street predicted a few years ago this is a takeover target for a foreign bank trying to enter this country.
ICICI Bank with a 20% holding in 2004 was unable to take it over. Something went wrong with their approach and it failed at the very last stage.
Now Federal bank is trying to takeover CSB?
Traders are not greatly interested in this counter as the daily figures show, however there is enough movement on a daily basis to keep many active at this counter.
DISCLAIMER: I hold over 4000 shares and I am a long term investor...
Indian mutual fund holding
Posted by : Guest
This is widely held by Mutual funds
HDFC Prudence Fund (G) 2,038,012
ICICI Pru Dynamic Plan (G) 1,752,059
HDFC Top 200 Fund (G) 1,348,888
Reliance Banking Fund (G) 1,095,075
etc.
A good long term bet I`m sure.
As far as trading this counter, it seems to like to move contrarily with sharp upward movements when the markets are dull and flat or even marginally downwards when the markets are medium bouyant. Of course when there is euphoria this also exhibits the same.
Yes the news of merger with CSB has been on for a long time and everyone wonders what is happening there. CSB is not in favour of the merger but their major shareholders are all for it. Some day in the next few months we can expect good news on that front.
For reasons that I have never been able to guess it insists on trading at very poor valuations and below its book value. A good bank with excellent results, this surely deserves better....
easy trading
Posted by :
pbb021the same pattern even today..best stock to short......
back to 231
Posted by : kadanthodanIf it reaches 220 one should buy. At 215 it is a steal. ...
not undervalued
Posted by : hail2onedude go to google and paste Moneycontrol com - Datawatch Companies where FIIs hold more than 30% and u will come to know about 40 stocks...
buy buy target 264-269
Posted by : hail2oneguys go to google and just paste Moneycontrol com Datawatch Companies where FIIs hold more than 30% and u will come to know about the holding by FII in federal...
Heading
Posted by : arindam2009007I am not a regular buyer.I had invested a large sum on this stock.All the expectations are now in deep deep water....
back to 231
Posted by : Guestthe stock is back to 231...it is the last stock to remain invested in...it is valued worse than a psu...something wrong wit the bank...next target 220.....
not undervalued
Posted by : Guestfii holding as on 1st sep is not available on the nse site also...how do u know abt it..??...
BUY and Hold
Posted by : Guestbv 255..target 280..have been said many times..do not listen to this boarder...the stock is the worst performer amongst not only banking stocks but in the whole market..there is something wrong wit the bank...the mergers is being discussed for years now......
