Perhaps that is because it's a govt owned firm.

 

Assuming someone bought this stock 5 years back and he checked the price today....he'd see that the price has not budged at all despite the company earning a lot more both in terms of quantity and quality, management being extremely adept and focused on the long term and the strength of the company only increasing every year. Looking at the CASA, NIM, Cost/revenue, NPA etc it seems to be a real delight.

 

The PE and P/BV of the company has been on a continuous slide down.

 

The versions the management came out with on various occassaions are 1. The kashmir name and 2. the ownership pattern.

 

It's true.....The Kashmir name is a big turn off...the state has been in some sort of boil ever since independence.

I need to prepare more for the comparitive studies. So far i've internalized a lot of stuff on J&K. I'll get back.

 

Hey Nikhil, Thank you for posting on KVB. I've been extremely busy with reading up all the material about J&K. I'll get back after reading more on KVB and then discuss more with you.

 

Hitesh, I'm unable to find a place to have the consolidated numbers. I carried out comparisons with HDFC, SBI, Axis, Yes, ICICI etc which i saw in one of the Outlook Money articles. Could you please suggest a source?

 

Prabhakar, nahin yaar...no visible triggers......but here is what i thought....that after 10 years J&K should have 4 times the current earnings... It's hard to see it's dominance being easily dented....Also after 10 years the value of it's Metlife stake will be about 2000 cr (roughly half it's current market cap) Metlife is contractually committed to buy back it's stake at 15% CAGR. So this seems like an easy 4x stock for me if i hold it for about 10 years.......given that at a 7-8 PE it's hard to see it going down significantly....