Fundamentals-
1)One of the major private sector banks having less NPS issues.
2)Interest income earned by the bank doubled in last 4 years and profit tripled.
3)Market leader in sales and other sectoral numbers, enjoys a competent premium.
4)Balance sheet Numbers like Operating profit, net sales are improving YoY @>20%
Technicals-
1)Stock is undergoing consolidation and recent government policy of handling NPA would be a big boost.
Keynote-->Its a good stock that can be accumulated at every dip.
Positive News1--> Nomura India Investment Fund Mother Fund holds 51 L shares of this company.(Source-BSE India, Economic times)
Positive News2--> LIC holds 3.8Cr shares of this company.(Source-BSE India, Economic times)
Positive News3-->BIRLA SUN LIFE holds 61Lshares of this company.(Source-BSE India, Economic times)
Positive News4-->RELIANCE CAPITAL TRUSTEE COMPANY holds 48L shares of this company.(Source-BSE India, Economic times)
Positive News5-->Franklin Templeton Investment Funds holds 18 L shares of this company.(Source-BSE India, Economic times)
Positive News6-->HDFC Standard Life Insurance Company Limited holds 43L shares of this company.(Source-BSE India, Economic times)
CMP-1445(15th June'2017)
1st target-2000(12-15 months)
Disclaimer : I am a private Investor/trader who is just expressing his views. These are just my opinions and i am not giving any kind of free or paid calls. I am using this platform to share my knowledge and learn from other's knowledge. I might be/might not be invested in my opinions.
NOTE-->I give preference to the traders/investors who encourage me by commenting and liking my ideas.