Sunday, April 21, 2019

Indian Overseas Bank : A True Turnaround Story

Indian Banking Industry has been facing a challenging days in the past due to rising NPA. Their Balance sheet was affected badly but to high provisioning of Big size  Loans of corporate shouse, mainly steel , telecom & Diamond sectors.
Now The sector is bound for upswing. Mutual fund houses has already increased their , even they have highest exposures to the Banking sector as on 31st March 2019( Business Standard : 21.04.2019 edition )
We always try to ride the booming sectors and its our endeavour to find the best for you. As We have been Bullish on 2 stocks in the Banking sectors namely PNB & IOB ( Please read with disclaimer clause. These 2 are in core portfolio part ).J&K Bank also.
As the results sessions are round the corner, we are expecting the Banking sector will post a good & strong Q4 2018-19 results. IOB will come out of the RED in Q4:2018-19. Its a strong Turnaround story.
Valuations : As we follow the Earning Power Valuations method to value an Equity, it is mmust that Cos. has posted + results in the past/ latest quarter.

The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method.You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com
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