Equitas SFB
A note on the Volumes and Fundamentals
-The first red cycle shows the resignation due to charity reasons (first time a banker is resigning voluntarily) of P. Vasu and subsequent loss of trust which is reflected in heavy volume bars.
-Second circle represents the re-entry of institutions as a bank which can do 2%+ ROA and 15% ROE was at 1.1x Price to book valuation. This year, credit cost also normalizes.
This chart is an example of the war of volumes that happens between bulls and bears+why market can be a voting machine in the short run and weighing machine in the long?
Disc:- Invested.
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