BANK STOCKS SEEMS ATTRACTIVE

BANK STOCKS SEEMS ATTRACTIVE

DATED 05.03.2011

The Price Earnings ratio of all major banks in NSE

AXIS BANK 17

HDFC BANK 31

KOTAK MAHINDRA BANK 44

PUNJAB NATIONAL BANK 9

BANK OF BARODA 9

BANK OF INDIA 11

CANARA BANK 8

INDIAN OVERSEAS BANK 10

INDUS DEVELOP BANK 10

SYNDICATE BANK 8

UNION BANK OF INDIA 9

YES BANK 16

(Courtesy : Economic Times dt 05.03.2011)

In current market scenario, price earings ratio for some specific banks seems to be attractive.

In given list, PNB,Bank of baroda, Bank of india, Syndicate bank, Union bank of india are having less P/E of 9 and below. Normally financial institutions have stability in business and somehow secured. Investing in banking sector shares will give return in longrun. So, who are interested in longterm investment can opt for banking sector shares. Especially Syndicate bank seems to be more attractive in banking sector shares. Its price is Rs.124.20 per share as on 04.03.2011. So, investors make invest small amount in this share.

Please be more careful about time and amount while investing in share as they are more precious in share trading / investment.