Thursday, April 28, 2016

Punjab & Sind Bank @ 37.40

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
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.
10. My recent updates :- HEG Ltd
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).

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