hi sir..
ive been following u for a few days now and im fond of ur predictions...
what would be ur view on axis bank today... after the merger with enam news...
will it be one of ur picks for intraday today..?
Under this deal, for each share of Enam, its shareholders will get 5.7 shares of Axis Bank. In effect, at Tuesdays closing price of Rs 1,462 for Axis scrip on the NSE, this swap ratio values the unlisted Enam share at about Rs 8,333.
The valuation of the deal is 20 times the earnings of Enam.
Axis bank did not have much foot hold in securities business. But it is happening at a higher premium.
There will be action today but should wait and watch....
But yes, with long term prespective.... good for Axis Bank with profits, dividends when added upon.
:clapping: