Yes. Appears to be on trend reversal. Even some interested party could be by buying like Satyam, I don't know. Till it holds 47, I assume that it is in uptrend.
It does not deserve more than Rs.5,000 investment for trading purpose.
517. Eagleye| Link| Bookmark|
December 16, 2010 12:42:00 PM
IPO Guru (6600+ Posts, 22000+ Likes)
Punjab & Sind Bank - the 3 nearest peers are UCO / Vijaya / Dena
a) Uco has poor return ratios 0.57% ROA and 1.18% NPA - it trades at 1.25 P/B (FY'11)
b) Dena is trading at 1.04 P/B - it has 1.03% ROA and 1.49% NPA
c) Vijaya Bank is trading at 1.26 P/B - ROA at 0.89% / NPA at 1.32%
the estimated Book Value for PSB M'11 is 132
I dont think PSB will get any superior valuation for lower NPA (b’coz of their CBS issues)
ROA is similar to the peer group
so 1.20 P/B seems appropriate listing i.e. Rs. 155-165
I hope IPO funding is available for PNSB IPO. I would like to avail the facility for future IPOs. I know about "SMC global", who do IPO funding, but there is any other institution doing IPO funding, then please let me know.
Mr Sreedhar @ 500: Do you think it will regain its glory of crossing Rs 550 in about three to four months so that I could wait. Somehow I missed disposing off 85 shares obtained by my family members on allotment
Dear Friends, M Gupta is right with regards to his observations on MOIL.MOIL will find it difficult in the short term as It has decidedly breached 505 the most crucial support of HNI & hence susceptible to further selling by HNI.His analysis of grey market trend is absolutely spoton,he clearly mentioned the rapid fall of GMP indicates stock has moved from HNI to retail.Only retail are long on this share