Joined: 19/Sep/2006
Location: United States
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Posts: 606
Posted: 19/Jan/2007 at 4:12am
Basantji,
Any idea why Kotak Bank enjoys a Price to Book value of 17 while leaders like HDFC bank are at 10. Also the PE is around 116.
Do you think Kotak Bank is a good buy at current levels.. ? If so can it say increase CAGR 40% plus for next 2-3 yrs..
Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
P Lynch
Joined: 01/Jan/2006
Location: India
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Posts: 18403
Posted: 19/Jan/2007 at 8:57am
That PE/Price to book would always be high. Kotak has a clutch of businesses like insurance,Broking etc which are embedded in the Kotak Bank so a comparision would always be misleading. For a diversified portfolio looking to make 30% plus returns it is a sure buy.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
Joined: 01/Jan/2006
Location: India
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Posts: 18403
Posted: 23/Jan/2007 at 8:43am
kotak Securities has about 9% of the NSE's trading volumes. India Bulls has about 4% so if we double India Bulls market cap then the other businesses at Kotak are available for a song.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
India Bulls market cap then the other businesses at Kotak are available for a song.
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Restructuring which is undergoing at KMB should expose hidden jewels in various subsidiaries.
Indiabulls play is more on unrelated foray and demerger theme whereas kotak is complete financial play like ICICI Bank (but unlike HDFC Bank). Both are good and bad as ppl say beauty lies in beneath eye...
Joined: 09/Oct/2006
Location: India
Online Status: Offline
Posts: 492
Posted: 23/Jan/2007 at 9:36am
Kotak bank'sannualreport is one of the best A.reports I have read . Clear and very well illustrated for a common investor. I invested as soon as I went thru it .
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