STATEBANK looks weak after Gap-Down after results were announced, and this Break away gap has a downside target of Rs.2809 in my view. Banking as a sector has been outperforming the market; and giving a negative view is very difficult as banking stock have defied all logic, charts and fundamentals.
SBIN being a largest PSUBANK will the right issue be the trigger? http://in.reuters.com/article/idINIndia-52832220101111 State Bank of India Chairman O.P. Bhatt on Thursday said the government is likely to decide on the bank's rights issue this month. Bhatt, speaking at a banking seminar, said the bank intends to raise 200 billion rupees ($4.5 billion) via the rights issue.
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http://www.livemint.com/2010/11/11233215/SBI-rating-slips-a-notch-in-RB.html?h=A1 SBI rating slips a notch in RBI review, NPAs underestimated, capital inflated, says central bank report, which also points to governance issues.
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Latest New--http://twitter.com/AKprabhakar/status/1886733553635328
http://prabhakar-views.blogspot.com/ Look at the Other Side
http://prabhakar-views.blogspot.com/2010/02/caution-to-investors-from-sebi.html The following caution is issued by SEBI in the interest of investors. Be extra cautious while using information available from media sources such as Websites/ Blogs/ Newspaper Advertisements/ SMS’s Emails/rumours/ advice through television or print media for information and tips for intra-day, short term or long term investing.
http://prabhakar-views.blogspot.com/ Look at the Other Side
http://prabhakar-views.blogspot.com/2010/02/caution-to-investors-from-sebi.html The following caution is issued by SEBI in the interest of investors. Be extra cautious while using information available from media sources such as Websites/ Blogs/ Newspaper Advertisements/ SMS’s Emails/rumours/ advice through television or print media for information and tips for intra-day, short term or long term investing.
http://www.livemint.com/2010/11/11233215/SBI-rating-slips-a-notch-in-RB.html?h=A1 SBI rating slips a notch in RBI review, NPAs underestimated, capital inflated, says central bank report, which also points to governance issues.
