1. Punjab & Sind Bank is a 10 rupee face value PSU Bank which gross NPA is 5% of total advances
Punjab & Sind Bank have 1456 branches and 9180 employees.
2. Year high of Punjab & Sind Bank was 50.60 and year low was 31.55, currently stock traded at 37.40, Year high/ low ratio is below 2 so
I think price of this stock is stable for fresh buy, If you are new reader of
my blog and not familiar with my research terms then please see my research
terms at this link
3. Promoters of Punjab & Sind Bank hold 79.62 % . Promoters holding is good with nil pledged stock ( PSB is a PSU stock so govt. of india is promoter of this stock)
See full list of public shareholding including FII and DII here:-
4.Punjab & Sind Bank This stock have regular dividend paying history since last 5 year Punjab
& Sind Bank pay 0.60 to 2.68 rupee
dividend per year.
5. Base price of Punjab & Sind Bank is 48.51, Recently Punjab & Sind Bank cross his 30,50 and 150 Days DMA , 200 DMA of Punjab & Sind Bank is 37.65 which is very closer to CMP 37.40
So I think this stock is traded very near to a technical breakout and still traded 30% below from his base price 48.51.
6. No any bonus issue right issue and bulk deals is recorded in last 2 year.
7. Punjab & Sind Bank net sale per share of FY 14-15 is 214.49.
8. Net sale per share is also good and
Stock is traded near 82.60% below
from his net sale per share.
So when I see this huge revenue of this bank I think Punjab & Sind Bank is may be next multibagger stock .
9. Book value of Punjab & Sind Bank is 139.76 So in book value term this stock is a value buy at CMP.
8. Overall Punjab & Sind Bank is good multibagger
stock for long term holding.
9. 200 DMA of Punjab & Sind Bank is 37.65 So at CMP 37.40 Stock traded very closer to a positive breakout above 200 DMA , ( already
cross his 30, 50 and 150 DMA on closing basis) So I think this stock is also
good for trading and I post a trading call on Punjab & Sind Bank at CNBC
Awaz Advisorymandi website.
I put targets of this stock 44.90 and 120.80 on CNBC
Pro advisory championship with a stop loss of 33.60 ( For trading purpose).
Click here to download last 3 year closing price with graph
Click here to download last 3 year closing price with graph
My
regular readers already knew that I never use stop loss in my personal buying
read more details about my investment style here:-
and if you read my book "The Winning Theory in Stock Market
"then you knew that fundamental target for PSB is 120.80 which I put as target 2 of my call.
11. Disclaimer:- This is not
an advisory service to buy or sell. The contents of “this research report” are
only for educational purposes. No liability is accepted for any content in
“this research report”. The author is neither a registered stockbroker nor a
registered advisor and does not give investment advice. His comments are an
expression of opinion only and should not be construed in any manner whatsoever
as recommendations to buy or sell a stock, option, future, bond,
commodity, index or any other financial instrument at any time.The author
recommends that you consult with a qualified investment advisor, one licensed
by appropriate regulatory agencies in your legal jurisdiction, before making
any investment decisions. Please read
full disclaimer at the bottom of my blog.
12.Discloser:- I Mahesh
Chander Kaushik author of this research report is an existing research analyst
and passed NISM certification for research analysts. I am also registered under
SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH
100000908 ) hereby disclose about my financial interest in the subject company
and the nature of such financial interest:- 1 Me and my associates or relatives
have not hold any share of Punjab & Sind Bank so my personal interest is not
included in this stock. 2. Me and my associates or relatives have not
any actual/beneficial ownership of one percent or more securities of the
subject company ( Punjab & Sind Bank). 3. Me and my associates or relatives
have not any other material conflict of interest at the time of
publication of the research report. 4. Me and my associates or relatives have
not received any type of compensation
from the subject company(Punjab & Sind Bank) in the past twelve months. 5. I am not
served as an officer, director or employee of the subject company ( Punjab & Sind Bank). 6. I have been not engaged in
market making activity for the subject company (Punjab & Sind Bank).