Tuesday, September 17, 2013

BANKING SECTOR STOCKS?

Dear Sir, I have bought 65 shares of bank of India @ Rs.208/share. Now banking shares are showing weakness and negative environment. But I am a long term investor (2-3 years horizon), So you suggest me about this stock.ask by pankaj kumar. 
1. Oh, in Oct 2011 when bank of India traded at 345 and all Indian banking sector stocks makes new highs everyday then i forecast coming downtrend in this blog my new readers who not read my special view about banking sector please first read this at this link before continue to this article, 
my special view about banking sector.
2. Actually market understand my estimate after 1-2 year i think my old reader remember my advice on firstsource solution ltd @10  and Arvind ltd @12 and now when rakesh ghunghunwala make a huge investment in firstsource solution and FSL touch 15 my readers ask me "Kaushik sir who is next arvind mill or fisrt source. I always reply those type of readers that they visit my website www.maheshkaushik.com occasionally for such type of new research's.
3. Bank of India is a 10 rupee face value banking stock with year high of 392.20 and year low 126.95 stock traded at 171.
4. Promoters holding 64.11 % FII holding  13.62 % DII holding 15.60 % make it very good.
5. I think you may wait because stock is not bad , this is a time being sector specific up and down as i describe in above special view on banking sector article.
6. I change question asking pattern on this blog now you sent your questions through direct  e mail to mahesh2073@yahoo.com because deleting comments on previous comment forum cause a harmful effect of this blog SEO ranking. Registered readers of my book quote their registration number in their question because they get a privilege ranking over other readers .

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