In my opinion this correction has changed the price structure of many banking shares. Though all may rally in case of rebound, the once which are likely to do the best are Allahabad Bank, Canara Bank, Federal Bank, Uco Bank, City Union Bank and Indusind Bank. These shares have a far better price structure in place than most other banks.
Tc
Tc
Dear Raunak,
your view on SBI.... today this stock fall more than 4%...
Rgds
your view on SBI.... today this stock fall more than 4%...
Rgds
My view on Banks remain the same as mentioned above few pages back. These Banks are the one's which look good to me. Staying away from the rest. Out of the one's mentioned above, I would look at IndusInd and City Union bank as most bankable.
Though its still early to say, but Banking shares may see some majority of money being shifted from them. This trend will be for short term, but it may very well happen.
Tc