dear multib- do yu think
that union bank would come
to tht level now anytime?
i m regularlly trading in union bank
i m invsted in Union bk from 35 rupees
and hv bn folowng it since then
i do not think that in the curent fiscal
the banking sector could come dwn much
rest is anything is posible in stok mrkets -lol
See how BOI dropped on Q1 result announcement as its Bad debts increased! Loans / Advances disbursed in last 2 years are at very higher rates & defaults about to increase because of downturn in economy.
UBI will post EPS of Rs.35 (approx.) for FY 2010.
In panic situation PSU banking stocks come down to P/E of 4 to 5! And in boom they enjoy P/E of 7 to 8! I think boom period is over now for banking sector.
For me UBI is ever green counter. Let`s hope for the best.
In private banks Axis Bank (Buy @ or below Rs.500/-; Target Rs.4500/- within 7-9 years) & Yes Bank (Buy @ or below Rs.100/-; this bank doesn`t give dividend; Target Rs.925/- for 9 / 10 years time holding.) are good from long term perspective.
UBI is always on my radar. In every trade of UBI I earned only. That’s why it`s my ever green stock.
Rs.208/- to Rs.215/- is the range since last many days. Markets showing signs of Fatigue. This kind of situation is seen in most of the stocks (except traders` favorite stocks).
hi multib
PSu bansk are as per sources going to outperform now on
what do you think?
Sbi would lead but ubi is a strong contender of strong results in 2nd quarter more also in the 4th Q
Yes PSU Banks & OMCs going to outperform in this month. Last week Govt. formed comity to advice on road to deregulate Oil prices in India within 4 weeks. That’s why HPCL (Target: 500 & after deregulation 1000), BPCL (Target: 720 & after deregulation 1260), IOC (Target: 810 & after deregulation 1500) buzzing & making new 52 week highs daily. IOC is going to announce bonus of 1:1 in meeting as on 13th Sept 09 (Sunday).
Looks like UBI will able to touch Rs.250/- mark in current rally of 5000 on Nifty.
Yes PSU Banks & OMCs going to outperform in this month. Last week Govt. formed comity to advice on road to deregulate Oil prices in India within 4 weeks. That’s why HPCL (Target: 500 & after deregulation 1000), BPCL (Target: 720 & after deregulation 1260), IOC (Target: 810 & after deregulation 1500) buzzing & making new 52 week highs daily. IOC is going to announce bonus of 1:1 in meeting as on 13th Sept 09 (Sunday).
Looks like UBI will able to touch Rs.250/- mark in current rally of 5000 on Nifty.
| NIFTY 
