FINANCE & STOCK ADVICE: My View On SBI

About The Company

The biggest bank of the country , India with widest network of branches & ATM's across the country . The bank is a Public sector bank and other bank could not even imagine to be half of the total network of the SBI.

About The Results

The bank has posted the better results for the second quarter ended 30^th Sept 2008. On a standalone basis, net income was up, on a YoY by 40.37%. Interest earned stood at Rs 15566.50 crore against Rs 11616.28 crore previous year while interest expended was Rs 10111.15 crore against Rs 7853.36 crore same quarter last year. Net profit was up 40.23% at Rs 2259.72 crore.

On a consolidated basis, total income of the bank increased by 26.41% to Rs 27,083.47 crore. Its net profit grew 11.50% at Rs.2458 crore. Interest earned was Rs 22568.05 crore against Rs 17058.28 crore in 2007. Interest expended was Rs 15049.33 crore for the quarter ended Sep 30, 2008 against Rs 11783.16 crore in 2007. Increase in the lending rates helped SBI shore up its bottomlines.

About The Stock

PSU banks are better off today in the global meltdown scenario as their exposures are minimal. There has been a sell off on all bank counters but the brunt of the sell off faced by private sector banks has been harsher. SBI touched a new low at Rs.991. From valuation point of view the stocks seems to be most attractive in banking sector but we need to see how much pain is yet left in the Index as a whole before investment.

Disclaimer: I do not have any personal holding in this stock.

MULTI BAGGER STOCK GROUP

Some of my group's multi bagger picks during the rally were NMDC , MMTC , STC , Larsen ,Jindal Steel & Power , Unitech , BF Utilities , Jai Corporation , Walchand Nagar Industries, RNRL , Reliance Infra (Reliance Energy) etc.

I had been long associated with a corporate engaged in financial services , where with the assistance of specialized tools along with my special analysis as per some historical accepted theories of stock market like W. D. GANN's Theory , Elliot Wave Theory and others are used with reliable insider information of so called " operators" who play a major role to make a stock ,a Multi Bagger ,I do make my gem picks in this market.

I had been running my group , where the associated people get the reliable and most beneficial to get the unexpected return as seen in the above mentioned tips. Say for example the stock called MMTC had jumped from 2000 level to 56000 per share of historical price where the capital appreciated by 28 times in very short period with 2700% return on capital employed. Likewise in RNRL we started accumulating at RS 25 level from where we saw it moving at 250 level giving 10 times with 900% return.

These sort of return is helpful as ,

1. Handsome gain will make a jack to our capital.

2. Limited stocks trade , as daily trade could be avoided , which is more risky.

3. Long term capital gain , so no tax liability.

4. Whole income in white, which could be further deposited into fixed deposit to get assured monthly income later.

5. Strong income tax file without paying any taxes.

Our role here could be summarized as :

1. Giving tips to all registered member at proper time , when the stock is just about to take off, neither too early not too late.

2. Make sure investor do not gt stuck into it.

3. Recommend to exit when the operator is about to leave it.which is the most important work or else the whole accumulated and deemed profit will be washed away along with part of investment and will remain stuck for long - long period.


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My View On SBI