Aug 29, 2013, 05.14 PM | Source: CNBC-TV18
According to Rajesh Agarwal, Head of Research at Eastern Financiers Limited, one may buy State Bank of India (SBI).
Rajesh Agarwal (more)
, Aum Capital | Capital Expertise: Equity - Fundamental
“But going forward with the kind of fundamentals the bank has, there are concerns on NPAs being increased but that has already been discounted in the price at Rs 1,495-1,500. So I think it is very good entry point. First quarter income was up. Only the problem was NPAs. So one can invest in SBI,” he added.
Disclosure: I do not have personal holdings in the above stock but may have recommended them to clients.
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