SP Tulsian's multibaggers: Karnataka Bank and MOIL

SP Tulsian of sptulsian.com picks out his multibagger stock ideas to be bought at current levels. He chooses Karnataka Bank and MOIL today.

On Karnataka Bank
This is probably the cheapest bank in the private sector banking space. If I first take a call on price-to-book, it is at Rs 0.55. The financial performance has not been bad because on the absolute number for the first half, the bank has posted a PAT of about Rs 91 crore which was at Rs 75 crore on the corresponding quarter of the previous year. But because of this some equity dilution, it placed at close to about Rs 190 crore now. EPS is slightly lower at Rs 4.85 for first half against Rs 5.50 for the same period last year. So taking an overall call, I think this looks to be good valuation.
The bank has 478 branches, about 250 ATMs and I don