Read
Listen
Watch
Play
Find
Mail

  • Quotes

  • NAVs

  • News

  • Messages

  • Opinions

  • Notices

  • Videos
  Post a Message | Explore Forums  |  Browse Stock Messages  |  Hot Discussions  | Top rated Messages  | Top Boarders
Search: Messages    Stock    Boarder
 
Ads by Google
Moneycontrol.com >> Message Board >> View Messages >> Banking & Financial Services - Sector
   You are here :     Moneycontrol     MMB    Stocks      Banking & Financial Services - Sector                         Most active discussions of 2006 , 2007 & 2008
Truth can\\`t b hidden, Market is Barometer (1)   18-Jul-08 16:48Tracked by (0)  
Posted by:   EMCEE on ( 18-Jul-08 16:48 )
Price : BSE: Rs 57.85 ( 0.78 % ), NSE: Rs. 57.70 ( 0.70 % )
Mr.Realistic, You have proved you are wrong:results were good and the net profit was less due to heavy provisioning. And, review the performance of the shares that you recommended:they have also fallen by equal percentage from the values at the time of yr. recommnedation. Look at the popular private sector Bank ICICI: it down more than 50% and do not single out only PSU Bank shares.

You should realise that all the pain and agony the world is suffering-economically- is due to the Big Private Sector Banks world over:homes worth just few thousands of dollars were mortgaged for million of dollars. And, many fast growing Indian Private Sector Banks will one day end up this way if they pursue agressive growth with little caution for the Quality of their asset


And, about yr. rhetoric against PSU banks I have been a Regular investor in these banks since 2000 and in addition to hefty capital appreciation I am getting, on an averge, 10% divident income on my investemet,tax free.
Even now I am agressively buying Allahbad bank, for about 8%-if I take into accout the Tax free nature of the income- divident income and with sure-shot 50% capital appreciation

We will take stock next year, same time about our assesements: you have predicted stock pricre of 30-40 Rupees

M.CHANDRASEKARAN

Feedback

5 queries on Banking & Financial Services - Sector

worried - i just wanna kmow that WHAT WILL HAPPEN OF ICI...
banking sector reaction after bailout by US - how is market going to react of bailout program sp...
 see more

More from the Sector

CNBC TV18 CNN IBN CNBC Awaaz IBN 7 IBN LOKMAT