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Where does ING Vyasya Bank stands among crowded banking space ?

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Submitted by Anonymous on September 17, 2009 - 02:55

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Submitted by anilmehta on September 17, 2009 - 03:06. #

This is my second best banking stock for long term after PNB. At current market price of 280 and market cap of 2900 Cr , it's difficult to find a banking stock in India at such valuation. ING has almost pan india presence. It posted at profit of 60 Cr in last qurter.

ING Vyasya is majority owned by foreign promoters ( ING Mauritus ) hence it leaves little room for FII to increase their stakes. It has been on non flying zone for FII many times due to 71% foreign limit on banking stocks.

I highly  recommend to keep this stock in your list and buy on a pullback.

 

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