Seems bulls will be in control given the subsequent Price volume action and finally fundamentals have improved
Q4 results:- ROA Above 2% for second Q in a row. Banks usually trade at 3x PB minimum, when they hit 2%+ ROA.
-Asset quality ends up improving. GNPA at 2.6% vs 3.4% QOQ. NNPA at 1.14% vs 2.37% YOY.
-PAT at 190 crores, 59% YOY and 12% QOQ growth.
-Restructured book down to 1%.
-ROA crosses 2.2% for second Quarter in a row.
-Net worth at 5100 crores (Book value)
Lets see. ROA inched up…(check original post).
Disc: no reco to buy or sell. Study the businesses and then technicals for medium to long term investors…
PAT doubled YOY
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