dont worry about this stock on monday due to rbi action if it falls below 67 its a buying opportunity
there is undervalation in ubi following are some week banks like ubi- uco bank bv = 50, cmp 56 bom bv = 48, cmp 50 vijaya bv = 47, cmp 53 iob bv = 109, cmp 89
ubi bv = 95, cmp 69
all bv are based on fy'09 so ubi is the lowest price to book, it should reach 80 discounting all negatives it has, its abuy time for me
RBI rising repo, reverse repo rates is a bad news for all banking stocks, especially for new listed stock like UBI. It was struggling to hold even 70 mark. So it is most likely to test 66 levels.
Neha is smart. She sold all her shares before the RBI action. Now on Monday Bank Stocks are going for a nose dive. God knows where the United Bank price will stablize now.
United Bank has good protential to reach 80 to 90 in short term. if you can wait for 4 to 5 weeks this stock can give you handsome returns. Below 70 good oprunity to buy.
@Neha: So sorry 4 u.... u should have wait for just 1 month and u wud've got the desired price. In these kind of markets, FIIs and DIIs do not buy just after listing, as they know indian markets better. Anyways, I still suggest people to buy for 3-6 months horizon. You'll immediately get some profits in term of year end dividend in this script.
Sorry everybody if you were not able to get out of ubi because of me.I thought it would go to 80-90 levels after 2:30 yesterday but i was wrong. I am not an expert in these matters and you should do your own research before blindly following me.
SILENTINVESTOR BHAI U DID CORRECT BUT QNTY THODA JYADA NAHI HO GAYA?? TODAY I BOUGHT 5000 SHARES @68.4 FOR TRADING NOW 69.7 WILL EXIT IT TODAY, BUT I M ALSO BUYING TODAY FOR HOLDING IF COMES LOWER TO 68 U WILL GET UR COST BACK TODAY FOR SURE... JUST HOLD ON VALN WILL START CATCHING UP ONCE LISTING EUPHORIA , SUPPLY DRIES DOWN.
i will also hold it for next 3-6 months, bought 10K @ 70.00 yesterday, very clear on UBI, will sell 5K around 85-90 & balance to hold for long term, may be around 110 i can look to sell... 1 principle i follow, in equities overnight money kabhi nahi milta, one should have petitions....
there is undervalation in ubi following are some week banks like ubi- uco bank bv = 50, cmp 56 bom bv = 48, cmp 50 vijaya bv = 47, cmp 53 iob bv = 109, cmp 89
ubi bv = 95, cmp 69
all bv are based on fy'09 so ubi is the lowest price to book, it should reach 80 discounting all negatives it has, its abuy time for me