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WHY TRADE BELOW BV
Posted by :
mitseeCan anyone plssss. explain why this stock trades at book value when other banks like icici,hdfc,kotak,axis and evel smaller banks like indusind , south indian, yes bank and even psu banks trade 2-3 times BV.....i would be thankful if anyone would come up with a satisfactory reply.......
buy buy
Posted by : Target2012You are right. That is why probably this was highly recommended by peopl in banking industry in the past. But it doesn`t look like it will continue that kind of growth going forward. Anyhow still i think it is one of the very well managed private banks. There won`t be much increase in stock price in near term. I am holding this mainly because i liked their annual report actually. Felt like they try to give all information to share holder. I will hold until next april and decide whether to shift to any other private banks or PSU banks like Andhra Bank/BOB....
worst performing stock
Posted by :
Guestit is the worst performing banking stock...clearly seen tat no demand for the stock......
buy buy
Posted by : Target2012I am also still holding this stock for last 2 years. Appreciated very well from march this year. But stuck between 220 to 250 for almost 3 to 4 months. Merger will be only trigger point in near term. From long term higly recommended. Even other bank managers recommend this stock. That is i bought this in the begining....
investors not happy
Posted by : Guestfall of 8% and rise of a mere 2% clearly shows the actual investors r not happy wit the results...and there is no demand for the stock.....
the boarders have run away..
Posted by : Guestchurch is doing watever it can to stop the merger..so if the merger happens after so many problems it better not happen....do you know y the bank went for right issue at 240 when the mp was itself above 300...and y did the eps last year fell despite rise in profit and no fresh issue of shares.......
the boarders have run away..
Posted by : smartakkaMerger with CSB will take place. With the interest rates falling, fall in income was expected but not in profit. Agreed resukts are disappointing but the share is not over valued and hasa potential to go up. emeber ICICI bank posted March qter esults with fall in profit and with FIIs buying it shot up from Rs 440. Now also if any FII buys it it will jump. Even other wise instituional hlding is good ...
the boarders have run away..
Posted by : Guestthe boarders on this stock have run away after results...merger is not going to happen in this decade......
NOW IT IS CLEAR
Posted by : joyanthonySales and Gross profit has increased quarter to quarter and it is only the Net profit that has come down. This will not affect the long term performance of this bank. The net provisons made during this quarter is 150 crores against 52 crores made during last quarter. This is a difference of 98 crores during this quarter. The profit has increased by over 64 crores if you omit the provisions. It is in line with expectations....
NSE Announcements on Federal Bank
Posted by : MMB MessengerThe Federal Bank Ltd has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2009 as follows: Interest earned of Rs. 177545 lacs for the half year ending on 30-SEP-2009 against Rs. 157322 lacs for the half year ending on 30-SEP-2008. Interest expended of Rs. 115542 lacs for the half year ending on 30-SEP-2009 against Rs. 96325 lacs for the half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 23745 lacs for the half year ending on 30-SEP-2009 against Rs. 18243 lacs for the half year ending on 30-SEP-2008....
NSE Announcements on Federal Bank
Posted by : MMB MessengerThe Federal Bank Ltd has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2009 as follows: Interest earned of Rs. 90107 lacs for the quarter ending on 30-SEP-2009 against Rs. 82810 lacs for the quarter ending on 30-SEP-2008. Interest expended of Rs. 57112 lacs for the quarter ending on 30-SEP-2009 against Rs. 49632 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 10107 lacs for the quarter ending on 30-SEP-2009 against Rs. 11428 lacs for the quarter ending on 30-SEP-2008....
BSE Announcements on Federal Bank
Posted by : MMB Messenger
Federal Bank Ltd has announced the following Unaudited results for the quarter ended September 30, 2009:
The Bank has posted a net profit of Rs 1010.70 million for the quarter ended September 30, 2009 as compared to Rs 1142.80 million for the quarter ended September 30, 2008. Total Income has increased from Rs 9323.10 million for the quarter ended September 30, 2008 to Rs 10375.00 million for the quarter ended September 30, 2009....
