Edelweiss has issued a research report stating that the time is ripe to buy PSU Banks. They have identified two stocks with the maximum potential for gain
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Current state in PSU Bank: Its in a messy affair … However ……. we believe ….. Asset quality improvement is on the horizon RoEs of PSU banks to improve Valuation: Set to re-rate Time is ripe to Buy PSU banks.
– A multi-tiered, capital-efficient structure will evolve with a few larger banks leading the pack and mid-sized banks focusing on different niches. The government will aid larger banks to build scale
-Time is ripe to look at large PSU banks as structural long-term plays–they will breach the historical trading range and narrow the gap with private players. Increase weight on SBI and BoB
– At the same time, be cautious on smaller PSU banks for which consolidation is likely take longer till they find their niche
MoneyWorks4me.com had given Buy calls on Bank of Baroda at 137-140/- & Indian Bank at 125-128/- Bumper gains earned from Bank of Baroda – 50% today..
this was the price just 1 1/2 months backs. Now whats the use recommending it for petty gains. Lemmings..
All brokerages are herd mentality.. Following the news and each other.