Joined: 01/Jan/2006
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Posted: 28/Dec/2006 at 2:52pm
In case you want to hold two stocks then Yes bank and UTI Bank or I would suggest that since Yes Bank is also in the emerging space why not HDFC Bank (Big Bank ) with Yes Bank (emerging Bank). Karnataka Bank is going up because there is no clearly defined promoter and people think that there could be an open offer but I have seen stocks linger for 10 years on that anticipation (Federal Bank and South Indian Bank). SO in case the fundamentals are good the stock price would go up irrespective of takeover or not. Our objective is to make money whether it happens through tendering of shares in an open offer or otherwise should not matter really. Another stock that creates ripples on the takeover buzz is LML!!!
I have no indepth research on Karnataka Bank but this seems to be news based to me.
Edited by basant - 28/Dec/2006 at 2:55pm
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Joined: 01/Jan/2006
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Posted: 28/Dec/2006 at 4:06pm
Good Bank but seems priced in to me. I am more comfortable with such institutions that have a tendency for retail credit.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
Basantji,how is Centurion Bank of Punjab vis a vis Yes Bank.I read one analyst saying that CBoP wants to be in the league of HDFC,ICICI so it is getting agressive in takeover.
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
Joined: 01/Jan/2006
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Posted: 16/Jan/2007 at 9:13pm
I was thinking along the same lines today!Does seem very attractive on the longer term basis.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
Joined: 25/Oct/2006
Location: India
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Posts: 45
Posted: 28/Jan/2007 at 7:46pm
I have a question for all the TEDdies: If you were to accumulate one of the private sector banks at current market prices which among the following would it be?
Banks and CMPs - Centurion Bank of Punjab: 37 - Yes Bank: 156 - Kotak Mahindra Bank: 476
I already hold HDFC bank and ICICI bank and would like to add one of the above 3.
TIA
It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong - George Soros
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