no mwrger of dena wth canara has been announced. all this is a mere rumor and dena share has gone up on this rumor and is bound to come down soon,the bank has a very high NPA like canara , iob and bank of india. based on first 6 months results, and annualising them, dena will have eps of 16.6 and canara 71. at 83 pe of dena is 4.9 and canara 5.4, dividend yild of dena is 0.5 , canara 2.1, gorss npa of dena 1.98 net npa 1.24 giving a coverage ratio of 37 % for canara this ratio is 27. as per rbi guidelines, recently announced the coverage ratio needs to be 70% in thenext 4 quarters . thus both canara and cdena will need to make substatial provisions which will depress their net profits after taxes. the share price is not governed by one factor namelt pe ratio but is dependent upon various parametrs like pe ratio, op multiple, mp/adjusted net worth( gross minus net npa), dividend yield, FII interst in the shares, quality of mgmt and quality of earnings. it should be noted that dena bank provisions in sep 09 q were very low. at 15 million against 406 m in june 09, last year data in millions june 500, sep 372, dec 462, march 09 514, dena banks opearting profit(profits befiore provisions )came down to 1615m in sep 09 from 2014 in june 09 q . due to non providing of provisions, and lower tax of 354m against 457m in june 09 q, net profit was slightly higher at 1246m against 1151m in june 09 but going forward the [rofits of denawill nose dive as they need to make high provisions. on the other hand canara bank net profit in sep 09 q were 9105m up from 5553m in june 09 q. operating profit at 14191m in sep was very much higher than june 09 of 10413m . one needs to look at the trens also in various financial parameters. thus in the best case if dena is merged with canara the swap ratio will favour canara. in my view the mweger is only a rumor and it will take atlweast 2 years even if the megers in psb take place. till then the share price will be governed by the performance of banks going forward and on parameters which i have listed. hence the investors must not be carried away with the so called rumors but act on bank performance only. ...

Young Shud be frugal, save but not take risk, for the name of risk, or whatever it is, they are fleeced by conman, and it applies to our country, which is young, in a relative sense, to the so called advanced eco. of the world. CNBC not telecasting the live telecast of Jt. Press Conference of our P.M. and US Pres, An english channel, but the that is there on CNBC awaaz,A HINDI Channel, though the press conference was IN ENGLISH. ...

Sure. Which ones were they again??...

I hope dena bank should cross 105 for qualifying for merger with Cnara.As it is already announced it should improve to 105.Later we cna see cnara bank is also gaining on the news +4% today.Hence before announcement the share may touch 125, and cnara bank also improve accordingly.As both are PSU units the merger takes place quickly. ...

3 months ago A news was come that now terrorist may attack on Indian Economy or Share MKT. I want to know that Indian Mkt r regularly increasing without take any right corrections. Can they will see a major fall at upper point? China and India these two countries r those countries which is recover very fast by 2008 to 2009. but china mkt r increasing with conslidation not regularly but with right orrections . On the other hand Indian mkt r increasing continupsll. It also neglecting other economic falls. ...

Friends I m invested in two companies which have low prices(below 40) but may give higher return in long term at least 1 yr. These companies fundamentally r fair. I want urs suggesstions on this companies , if u have know any particular news or any opinion about this companies. Please share them to me Or anyone want to suggest any low price for purchase or Stop loss. Following r the details. Deccan Gold Reserves - 8.84 Debt - 0 Investments - 9.50 Assete - 0.54 Quarte profit - 0.09 loss JIK Industries Reseves - 8.92 Debt - 3.10 Investment - 19.43 Assets - 10.28 Quarter Profit - 1.35 It is engaged in the business of money changing activity (dealing in foreign currencies/travel cheqs), underwriting, merchant banking, lease operations and share trading etc., The company is a Category I Merchant Banker, full fledged money banker and portfolio managers. ...

i have 80 shares of unitech at 106.. what should i do hold/sell alai i have 40 suzlon at 89 pls suggest me something...

Dhiresh
why today it moved down any news!!!!...

may be due to announcemet on dividend by company...

as you said there is movement in stock.Any short term target...

It is interesting to note how our PSU banks are poised now.
BANK PE EPS NET SALES
SBI 14.57 158 64KCR
PNB 7.94 115 19K CR
CAN 5.47 70.30 17KCR
DENA 4.86 17.13 3KCR
IT IS CLEAR THE INVESTORS ARE GOING FOR HIGHER PE based on sales contribution high for SBI.But sbi already topped the iNDUSTRY pe ON GOING CORRECTION.pnb HAS EXCELLENT CHANCE OF GROWTH.
when it come to CNARA the merger makes the sales equal to PNB that means it has to equalPE of PNB 8. inthat ratio the dena should go to 125 level soon before merger rationo announced.I wish some seniors discuss who has interst in this counter.......

It is interesting to note how our PSU banks are poised now.
BANK PE EPS NET SALES
SBI 14.57 158 64KCR
PNB 7.94 115 19K CR
CAN 5.47 70.30 17KCR
DENA 4.86 17.13 3KCR
IT IS CLEAR THE INVESTORS ARE GOING FOR HIGHER PE based on sales contribution high for SBI.But sbi already topped the iNDUSTRY pe ON GOING CORRECTION.pnb HAS EXCELLENT CHANCE OF GROWTH.
when it come to CNARA the merger makes the sales equal to PNB that means it has to equalPE of PNB 8. inthat ratio the dena should go to 125 level soon before merger rationo announced.I wish some seniors discuss who has interst in this counter....
...

the share is heavily traded between 226 and 232 these days.The estimates on the share max price is also differed by experts in a big way.i think real investor shpould buy at 226 and wait patiently till the bonus effect takes place.if people are impatient they should play share market game.I agree strongly with SHAPPY on thisaspect.new investors are loosing heaavily in the counter....

dear Moey maker!!!
I want your views expressed on thecomparision made on four hot stocks!!!...

this is great message!!!
unless you express your views how you will know wether you are wrong or right.I always stands correction on this board of really worthy people.There may be naives who out of ignorance make wrong comments.quitters never win winners never quit....

Eienstein world famous scientist once said after a bubble inUSA when he lost big money, that "you can predict any thing on earth, except the peoples reactions in stock market."when sky is said to be falling everybody runs away.we are human and don`t think about perfection.Further no one can insult you without your permission.Keep doing service by sharing your knowledge.a good investor is prepared for both a boom and bubble.if you hit a bulls eye only few will recognise you, if you fail lot of voices criticise you.it is all human stay and post your feelings donot fear. no body is going to sue you....

dear Udayan
the debate is going on that the present valuations are not justifying the sensex level and it is fake rally driven by cash flow.I want to express my openion that this is not a artificial rally at all,it is peoples aspiration to earn money by investing.regarding the valuations, it is my openion if you look at sensex with rupee perspective the price gone up, if you refer the same in buying power of the rupee it actually gone down.suppose if you go to market with 100rupees in 2000 you may get 10kg rice, if you claim the bank interest on the 100 it will become 300 now if you go to market it will not be able to purchase 10kg good rice, what people are seeing rise in prices is actually degrading of currencies in what ever country.so the valutions should be done in this new perspective.The day will we have to purchase the same at high value....

I wish to convey my hearful congratulations to all fellow boarders, The money control team led by Udayan mukergee, on the eve of celebrating the 10the anniversary of MOney control india. I am also happy that I am added to platinum group of boarders.The exchange of ideas on this board is quite useful and senior boarders are giving excellent unbiased views every day to help starters, great many more years for this channel and forum...

Please compare the CMP/net prOFIT IN CR
Bharti 330/7743
rel com229/4802
idea 58/1044
tata 468/515 which one u like ?...