Just an introduction. I recommended Modern Dairies here for a Return on Investment of 530%. http://www.traderji.com/fundamental-analysis/11318-modern-dairies-good-value-stock.html
My next pick is: Indbank Merchantbanking ( BSE Code: 511473 ) - CMP Rs.39
Here is my analysis:
1. Indbank Merchantbanking is promoted by Indian Bank (that's why I mentioned excellent promoters). This is not some Benedict Arnold company or Munnabhai company. Solid promoters who hold around 65% equity.
2. Indbank Merchantbanking is involved in the following businesses: Merchant Banking, Stock Broking, Advisory Services, Depository Participant, Distribution of mutual funds and other financial products. Indbank is also looking at getting into Insurance business (article is in item number 5).
3. Indbank Merchantbanking is growing rapidly. The latest quarter results show a net Profit of Rs.16.86 crores on an equity of Rs.44.37 Crores. EPS just for the latest quarter is Rs.3.8 and forward annualised EPS is more than Rs.15.
Here are some excellent news articles that make Indbank Merchanbanking a solid investment. I always like to provide the exact weblinks so you get the unadulterated full story.
4. http://www.thehindubusinessline.com/2007/08/29/stories/2007082952521300.htm
5. http://www.business-standard.com/banking/storypage.php?tab=r&autono=296246&subLeft=1&leftnm=2
6. http://www.thehindubusinessline.com/2007/03/19/stories/2007031901911400.htm
7. In addition to all this: Indbank Merchantbanking has a solid portfolio of investments in companies it was the underwriter, for example: Punj Lloyd, Numeric Power Systems. These investments are to the tune of Rs.45 Crore.
8. Last but not least: Macro economics and the Banking sector looks extremely attractive. Indbank Merchantbanking fits all of that perfectly.
Now you know why I set the bar so high on myself. Now you know why I'm so confident of setting higher expectations.
Indbank Merchantbanking ( BSE Code: 511473 ) - CMP Rs.39
My next pick is: Indbank Merchantbanking ( BSE Code: 511473 ) - CMP Rs.39
Here is my analysis:
1. Indbank Merchantbanking is promoted by Indian Bank (that's why I mentioned excellent promoters). This is not some Benedict Arnold company or Munnabhai company. Solid promoters who hold around 65% equity.
2. Indbank Merchantbanking is involved in the following businesses: Merchant Banking, Stock Broking, Advisory Services, Depository Participant, Distribution of mutual funds and other financial products. Indbank is also looking at getting into Insurance business (article is in item number 5).
3. Indbank Merchantbanking is growing rapidly. The latest quarter results show a net Profit of Rs.16.86 crores on an equity of Rs.44.37 Crores. EPS just for the latest quarter is Rs.3.8 and forward annualised EPS is more than Rs.15.
Here are some excellent news articles that make Indbank Merchanbanking a solid investment. I always like to provide the exact weblinks so you get the unadulterated full story.
4. http://www.thehindubusinessline.com/2007/08/29/stories/2007082952521300.htm
5. http://www.business-standard.com/banking/storypage.php?tab=r&autono=296246&subLeft=1&leftnm=2
6. http://www.thehindubusinessline.com/2007/03/19/stories/2007031901911400.htm
7. In addition to all this: Indbank Merchantbanking has a solid portfolio of investments in companies it was the underwriter, for example: Punj Lloyd, Numeric Power Systems. These investments are to the tune of Rs.45 Crore.
8. Last but not least: Macro economics and the Banking sector looks extremely attractive. Indbank Merchantbanking fits all of that perfectly.
Now you know why I set the bar so high on myself. Now you know why I'm so confident of setting higher expectations.
Indbank Merchantbanking ( BSE Code: 511473 ) - CMP Rs.39
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