Central Bank of India
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.
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ReplyDeleteLIC Housing Finance
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