INTRADAY TIPS FOR OCTOBER 29-10-2012 MONDAY

SCRIP

ACTION

TRIGGER

TARGET 1

TARGET 2

STOPLOS

ALLCARGO

BUY

131.50

133.25

136.00

130.00

IDFC

BUY

157.00

158.50

160.60

155.50

Friday, September 9, 2011

LONG TERM BUY - CENTRAL BANK

Central Bank of India

BSE: 532885     NSE: CENTRALBK  CMP : 104.00


Central Bank Of India is a full service commercial bank. The Bank's services include taking deposits, lending services, and investing. Central bank operates branches throughout India.

Central Bank Of India is a good buy in mid-cap space. While banks with most infra loans exposure are under pressure, Other banks are still good buys for long term. Its currently trading at a P/E of little over 5. Good dividend yields of 2.52% in the last 12 months. Revenues have grown from 6,234 Crores to 15,220 Crores in the last 5 years. Profits have grown in similar lines from 498 Crores to 1,252 Crores in the last 5 years. NPM has been stable at 8%. From recession lows of 30, the profits have grown 2.5 times which puts current bottom at 75. With minimal downside, its a good buy for long term. 


2 comments:

  1. Thanks for sharing these & very well explain post. Some thing new to learn from this helpful post.
    LIC Housing Finance

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  2. It is a very good deal. It seems like a great profit. Thank you so much for sharing this wonderful article.

    ReplyDelete