Dear Traderji Members,
I was observing the PE, PB and Div Yield for the CNX PSU Bank Index for May & June 2008 on the NSE website. The values came out like this:
Date PE PB Div.
23-May-2008 3.86 0.77 3.79
26-May-2008 3.77 0.70 4.01
27-May-2008 9.02 1.66 1.68
28-May-2008 9.22 1.70 1.64
29-May-2008 8.99 1.65 1.69
30-May-2008 8.89 1.63 1.71
02-Jun-2008 8.63 1.59 1.76
What has changed between 26 & 27th of May that the ratios differ by such a wide margin?
I tried to find out if there were any changes to the Index consituents but found no such news.
Also didn't hear news of any PSU Bank declaring extremely bad results.
I would be great if any of the traderji member could enlighten me on this issue, that why does the PE for CNX PSU Bank on 27.05.2008 is almost 3 times than what was on 26.05.2008
Regards,
Puneet
I was observing the PE, PB and Div Yield for the CNX PSU Bank Index for May & June 2008 on the NSE website. The values came out like this:
Date PE PB Div.
23-May-2008 3.86 0.77 3.79
26-May-2008 3.77 0.70 4.01
27-May-2008 9.02 1.66 1.68
28-May-2008 9.22 1.70 1.64
29-May-2008 8.99 1.65 1.69
30-May-2008 8.89 1.63 1.71
02-Jun-2008 8.63 1.59 1.76
What has changed between 26 & 27th of May that the ratios differ by such a wide margin?
I tried to find out if there were any changes to the Index consituents but found no such news.
Also didn't hear news of any PSU Bank declaring extremely bad results.
I would be great if any of the traderji member could enlighten me on this issue, that why does the PE for CNX PSU Bank on 27.05.2008 is almost 3 times than what was on 26.05.2008
Regards,
Puneet