United Bank Of India

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by inarayande, Apr 14, 2015.

?

What about UBI? wheather it is time to buy now

  1. yes

    0 vote(s)
    0.0%

  2. no

    5 vote(s)
    100.0%
Previous Thread Next Thread
Loading...
  1. inarayande

    inarayande New Member

    Joined:
    Apr 14, 2015
    Messages:
    2
    Likes Received:
    0
    What about UBI ? Weather it is time to buy now or wait for more correction.
     
    inarayande, Apr 14, 2015
    #1
  2. Meenakshi Razdan

    Meenakshi Razdan Administrator Staff Member Moderator

    Joined:
    Mar 19, 2015
    Messages:
    430
    Likes Received:
    150
    I think much depends on whether you have the temperament to be a contrarian and be patient. There is no doubt that the stock is cheap because it is quoting at 0.55 the book value. However, there is no clarity on the quality of the asset book and whether there are more NPAs. If there is more deterioration in the asset quality, there could be more downside. On the other hand, if there is an improvement in the situation, the stock can surge and give handsome returns.

    One solution is to wait for the quarterly results and listen to the management commentary to see whether there is any improvement in sight. A decision can be taken thereafter.
     
    Meenakshi Razdan, Apr 14, 2015
    #2
  3. inarayande

    inarayande New Member

    Joined:
    Apr 14, 2015
    Messages:
    2
    Likes Received:
    0
    Thanks for your reply
     
    inarayande, Apr 14, 2015
    #3
  4. abhiarps

    abhiarps New Member

    Joined:
    Mar 27, 2015
    Messages:
    22
    Likes Received:
    1
    PSU banks will lagger due to their asset quality issues however you can buy south indian bank available at a reasonable valuation, large service coverage in south india, much bettet asset quality and may prove to be a multibagger in span of 1-2yrs md moreover it is the cheapest private sector bank available and huge possibility of its takeover by a bigger player.
     
    abhiarps, Apr 15, 2015
    #4
  5. Parin Gala

    Parin Gala A long term investor

    Joined:
    Mar 19, 2015
    Messages:
    252
    Likes Received:
    157
    Its cheap but it has the highest NPA level. Rather buy a good quality bank like Axis which is not that expensive and also asset quality is good.
     
    Parin Gala, Apr 18, 2015
    #5
Previous Thread Next Thread
Loading...
Loading...
Similar Threads
  1. Sagar shah

    United Spirits

    Sagar shah, Apr 17, 2017, in forum: Ask A Query About Your Stock Picks And Portfolio
    Replies:
    5
    Views:
    1,713
    Sagar shah
    Apr 18, 2017
  2. Sandeep Gupta

    United spirits

    Sandeep Gupta, Feb 19, 2016, in forum: Ask A Query About Your Stock Picks And Portfolio
    Replies:
    3
    Views:
    1,660
    Sandeep Gupta
    Feb 23, 2016
  3. Vidhi Khanna

    DCB Bank is set to reclaim its great growth legacy. TP ₹169 (39%)

    Vidhi Khanna, Nov 29, 2024, in forum: Latest Brokerage Stock Buy-Sell Reports
    Replies:
    0
    Views:
    718
    Vidhi Khanna
    Nov 29, 2024
  4. Vidhi Khanna

    Federal Bank is a credible alternative to larger PSBs

    Vidhi Khanna, Sep 12, 2024, in forum: Latest Brokerage Stock Buy-Sell Reports
    Replies:
    0
    Views:
    477
    Vidhi Khanna
    Sep 12, 2024
  5. Vidhi Khanna

    Nifty target is 25,500. Bank Nifty target is 53,500

    Vidhi Khanna, Aug 29, 2024, in forum: Latest Brokerage Stock Buy-Sell Reports
    Replies:
    0
    Views:
    382
    Vidhi Khanna
    Aug 29, 2024