SYNDICATE BANK
Dear all for short term we suggested Syndicate bank with following reason.
- Good revenue growth year on year ie. interest earning was very good.
- Last five year they giving dividend...This what we required for growing.
- last year profit was 1313 cr now first half of 2013 financial year they crossed around 900 cr. So we are expecting 1750-1800 cr for this financial year. nearly 35% growth.
- Bookvalue now around 133...after this financial year we are expecting it may grow nearly Rs30-33. (Earning per share)
- So Total bookvalue comes around 160+++.
- price per book value now @ 0.95
- PE ratio nearly 4.95
- Dividend yield around 2.98%
- last year dividend issued @38% of face value Rs3.80
- 66.17% shares on their promoters hand.
