This decade-old blog is formed for sharing useful info from financial world free of cost .All posts here are for reference purpose only. It is advisable to study and learn the investment process and decision making criteria yourself .Users are advised to rely on their own judgement or investment advisor when any making investment decisions. Any investment decision should be taken with your own analysis and risk. The blog is aimed to promote the awareness of stock markets among retail investors.
Saturday, October 18, 2008
Buy Bank Of India, target of Rs 386: Karvy
Karvy Stock Broking has recommended a buy rating on Bank Of India with a target of Rs 386 in its October 17, 2008 research report. "In 2QFY09, we expect that the bank would report around 30% (Y/Y) growth in global business on the back of 29% growth in deposits and 32% growth in advances. The bank's net interest income is expected to grow by 22% (Y/Y) to Rs 12 billion. We estimate 49% growth in bottomline to Rs 6.07 billion. We rate the stock as a BUY with a price target of Rs 386 at 1.68x adjusted book value FY2010," says Karvy Stock Broking's research report.
No comments:
Post a Comment