Federal Bank & SI Bank

#1
Traderji

Why is it that Federal Bank is languishing though it boasts of one of the best price to book value and price earning ratios in the Banking Sector?

Any views on South Indian Bank ?
 

Traderji

Super Moderator
#2
No matter how good the fundamentals of a company, every stock needs a sponsor (buying by certain funds/groups) for it to start moving up.

Federal Bank has already appreciated from Rs. 90.00 in Sept 2004 to 160.00 today.

As far as SI bank is concerned you can BUY on a close above 75.00. Make sure to keep your stoploss at 65.00
 

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