Equinomics
Research & Advisory Pvt Ltd had recommended State Bank of Bikaner &
Jaipur (SBBJ) on May 19, 2014 at a price of Rs.391 with a target price of
Rs.512.
The
market price has crossed our target price. However, we continue to suggest hold
on the stock as we believe that the stock price can move closer to Rs.600
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SBBJ has
got a size – it crossed business turnover of Rs.1.39 lakh crore in FY 2014.
During the year FY 2014, it opened 113 new branches and 590 ATMs, taking the
total network to 1,148 branches and 1,554 ATMs.
It
maintained Net Interest Margin at 3.62% in FY2014 which is quite impressive in
this difficult year.
For more details
G.Chokkalingam
Founder
& Managing Director
Equinomics
Research & Advisory Pvt Ltd
18- 3/A,
Ekta CHS, Shiv Dham Complex
(Opp to
Oberoi Mall)
Filmcity
Road, Malad (East)
Mumbai -
400 097
chokka.g@equinomics.in
Disclosure:
Personally I (G.Chokkalingam) do not hold HIL stock directly or indirectly
through any friends or relatives or proxies.
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