Had purchased SBIN at 1800 a few months ago. I saw the price to be great and the Bank was well founded. However, I misjudged the impact of NPAs on the Share price and the estimate of NPA%.
I now believe the PSU banks have tremendous amount of correction left in them. The NPA% are growing. It is much more than what is published. Banks are rationing it on the balance sheet so as to not cause a nationwide panic. Hence, have exited SBIN as it was opportune.
I now believe the PSU banks have tremendous amount of correction left in them. The NPA% are growing. It is much more than what is published. Banks are rationing it on the balance sheet so as to not cause a nationwide panic. Hence, have exited SBIN as it was opportune.
Thanks for the nice thread.
Do u follow any stop loss ? If so , wat percentage ?