Online
|
|
next level
Posted by :
hardybull. . .l o l . . . . :-)...
next level
Posted by : tara23thanks for your surprising stock... ...
next level
Posted by : hardybull. . . . should give some more upward surprises sooner than . . . :-)...
Ashwini Gujral has got to be kidding at buying Dena at 55-56
Posted by : rk2009
Dear money maker
no two experts are ablle to arrive at consesus on singe stock thses days.when the announcement on dena merger with Canara is positive how any body can give low call.The experst are misleading retail market by such statements. The dena bank gained 10% on news and consolidating now to reach next level.There should not be panic like in telecom to dispose the stock!!!...
Ashwini Gujral has got to be kidding at buying Dena at 55-56
Posted by :
yeskg59I agree with you. In my opinion one should hold Dena Bank to get the target of 95. However I would not recommend buying Dena bank at current level, prefer Vijaya bank for buy...
Ashwini Gujral has got to be kidding at buying Dena at 55-56
Posted by :
moneyy makerGujral called it right that Dena would dip to 55. Thats exactly where the stock turned up from. But now he advises to buy the stock around those same levels. Unfortunately, the stock market is headed higher and with consolidation on the cards Dena will be red hot and will make new highs in the months to come. Infact once the merger is confirmed i expect Dena to be at life highs i.e. at 100 plus levels. So Dena will not come down to 55-56 unless there is a stock market crash sometime soon. Would reco. buying at current levels since i think the best days of Dena are ahead of it....
RESISTANCE N SUPPORT LEVEL FOR 24.11.09
Posted by : sankarantpr
RESISTANCE N SUPPORT LEVEL FOR 24.11.09
R1 82.65 R2 85.25 R3 86.65
PIVOT 81.25
S1 78.65 S2 77.25 S3 74.65...
next level
Posted by : tara23but very strange.....it crossed all limits...
next level
Posted by : hardybull. . . ,intra-day could see 77.25 or thereabouts . . . . long range on track for the 125 levels . . . . !! :-)...
next level
Posted by : yeskg59Dena bank should be traded at Canara`s bank P/E of 5.27 and Price book value ration of 1.5 which means in between 92 -105. Don`t expect any price more than 105....
next level
Posted by : tara23dena bank reached 82 levels, it is very surprising......
next level
Posted by : moneyy makerSure. You can message me any time on the message board or address it to me directly on MMB...
next level
Posted by : rk2009Very good information!! can I get frequent advice from you!!!...
next level
Posted by : moneyy maker
Dear RK,
I have always been a value investor and have been repaid handsomely. Every penny i hold in my portfolio today is part of the profit i made by holding fundamentally good and under appreciated companies like Dena. Traders make money and lose money but savvy investors make a killing, by investing in undervalued stocks operating in growing industries. Such stocks give superb returns on a 5-10 yr basis not merely a few months or a year.
Ok so now to your question. Im not a valuation expert but heres a lil number crunching. Dena trades at a 4.5 PE as of today. If we assign Canara`s current PE of 5.27 to dena we come up with a price of Rs. 90. If we assign the industry`s PE of 9.71 to Dena we come up with a price of Rs. 166. My sense is that Dena trades anywhere between these two numbers in the coming days/weeks. Given the fact that its going to be a big bank post consolidation (rem. the small bank`s stock always benefits more) chances are that it trades closer to 166 rather tham 90. I would def. add more if you can. Hope this helps :) ...
next level
Posted by : rk2009
dear money maker
you are no1 investor because identified the stock when nobody did and now enjoing the rewards of patience.what is the upside of stock now.for last week I estimated that it should reach upto 105 level on its own but the scenario changed now.it is added by another good bank Canara.Canara bank is now trading at 380 level.its PE is also low comapred to other banks like SBI PNB, and industry PE.there is scope for Canara to grow on merger news as it will give this bank grip on west INDIA.it is also sounding like wonderful story and I am not able imagine the rewards of this merger.I wish people think strongly about this mrerger and book some shares.It is natural tendency of people to say positive things when they hold share and start to spread gossip on booking profit.These people try to bring the share down with greed.I wish people imitate your philosophy buying in oppurtunity and sell when it is ripe or hold long term to be highest rewardeee.....
