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%.
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