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India_Bull
Senior Member
Joined: 19/Sep/2006
Location: United States
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Posts: 2296
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   Posted: 10/Nov/2007 at 4:13pm |
Basantjee at his best as usual...
(I always thought HDFC Bank better than ICICI, because ICICI is into heavt equity dilution every year... !!)
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India_Bull forever Bull !
www.kapilcomedynights.com
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prosperity
Senior Member
Joined: 01/Sep/2006
Location: India
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Posts: 546
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Posted: 10/Nov/2007 at 4:27pm |
Infact, i also had the same question .. waiting for Basanthji to expand on this ... he has promised that he'll explain it 'asap'.
Edited by prosperity - 10/Nov/2007 at 4:27pm
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 10/Nov/2007 at 6:18pm |
Originally posted by India_Bull
Basantjee at his best as usual...
(I always thought HDFC Bank better than ICICI, because ICICI is into heavt equity dilution every year... !!) |
This is the four year history. ICICI with such aggressive postures has not been able to beat even the more stable HDFC bank and for Axis Bank it is far ahead of the crowd.
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Banks |
Price November 14th 2003 |
Price November 10th 2007 |
Appreciation |
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Axis bank |
Rs 71 |
Rs 914 |
12.87 times |
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HDFC Bank |
Rs 304 |
Rs 1538 |
5.05 times |
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S.B.I |
Rs 457 |
Rs 2162 |
4.73 times |
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ICICI Bank |
Rs 242 |
Rs 1143 |
4.72 times |
Edited by basant - 10/Nov/2007 at 7:31pm
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muralimohan001
Senior Member
Joined: 22/Sep/2006
Location: United States
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Posts: 217
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Posted: 10/Nov/2007 at 7:14pm |
Basant ji,
by the end of 2010, what returns can we expect from these banks?
Edited by muralimohan001 - 10/Nov/2007 at 7:20pm
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If money is your hope for independence, you will never have it. The
only real security that a man can have in this world is a reserve of
knowledge, experience and ability.
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basant
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Location: India
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Posts: 18403
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Posted: 10/Nov/2007 at 7:26pm |
I find it difficult to set targets but personally I am aiming at a 35% CAGR.
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'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
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prosperity
Senior Member
Joined: 01/Sep/2006
Location: India
Online Status: Offline
Posts: 546
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Posted: 10/Nov/2007 at 7:34pm |
These prices are not dividend-adjusted.
Over past 5 years, ICICI Bank has given Rs. 42 in dividends, while HDFC Bank has given Rs. 23.5 in dividends over past 5 years - So there is a difference of Rs. 18.5 in dividends over the past 5 years ...
Since most of these differences are in earlier years of past 5 years - If you reduce the cost price of ICICI Bank by Rs. 18.5 or even lesser - It is overtaking HDFC Bank ....
i.e. 1143/(242-18.5) = 5.11 times for ICICI Bank
If you time-discount 18.5 to Rs. 16:
Still ICICI Bank would marginally win over HDFC Bank !!
The Gap between a 5.05 bagger to a 4.72 bagger is a small gap and this gap vanishes if you rightfully adjust it for the dividends..
As for Axis bank, it has risen to more than double in past 9 months - and not so much over earlier 3 yrs. of past 4 yrs !!
Originally posted by basant
This is the four year history. ICICI with such aggressive postures has not been able to beat even the more stable HDFC bank and for Axis Bank it is far ahead of the crowd.
|
Banks |
Price November 14th 2003 |
Price November 10th 2003 |
Appreciation |
|
Axis bank |
Rs 71 |
Rs 914 |
12.87 times |
|
HDFC Bank |
Rs 304 |
Rs 1538 |
5.05 times |
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S.B.I |
Rs 457 |
Rs 2162 |
4.73 times |
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ICICI Bank |
Rs 242 |
Rs 1143 |
4.72 times |
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muralimohan001
Senior Member
Joined: 22/Sep/2006
Location: United States
Online Status: Offline
Posts: 217
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Posted: 10/Nov/2007 at 7:37pm |
One observation on BOI , it's price on 2004 June 30 - 47Rs
Now it is more than 300Rs.
It is a 6 bagger and beaten ICICI, HDFC bank and SBI.
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If money is your hope for independence, you will never have it. The
only real security that a man can have in this world is a reserve of
knowledge, experience and ability.
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Mohan
Senior Member
Joined: 09/Feb/2007
Location: United States
Online Status: Offline
Posts: 1855
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Posted: 11/Nov/2007 at 4:05am |
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Basantji,
Are'nt we also buying expensive ?
The saying is buy cheap sell dear.
I am Confused.
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Be fearful when others are greedy and be greedy when others are fearful.
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