Mar 15, 2012, 05.28 PM | Source: CNBC-TV18
One can short SBI, ICICI Bank and Axis Bank, says Ambareesh Baliga, COO, way2wealth.
Baliga told CNBC-TV18, "On the negative side I would bet on the banks. I still see a further downside as far as the banks are concerned, so possibly I would go short on SBI, ICICI Bank and Axis Bank."
SBI's trailing 12-month (TTM) EPS was at Rs 130.15 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 17.67. The latest book value of the company is Rs 1023.40 per share. At current value, the price-to-book value of the company was 2.25. The dividend yield of the company was 1.3%.
According to Ashwani Gujral of ashwanigujral.com,
SBI is likely to raise Rs 1,800 crore by selling a
LIC, the largest shareholder of the stock exchange
The merger of five associates and the Bharatiya Ma
In a report, the Economic Research Department of S