# Result was terrible from all angles but markets are forward looking. More than 4000 crores oneoff. If one adds that PBT moves to 7500 crores which will not look that bad considering the valuation of less than 1 time fy 26 book value.
# Entire media has turned cautious and brokerages have slashed price targets left right and center but to me the price action if you look at closing chart is not negative. In fact I would say all kinds of rumors and bad news of losses were thrown at the bank but the stock refuses to close below 750.
# This is how stocks bottom and move up contrary to what market participants in general say. They say what they just saw but market works differently. The price action to me, and I could be wrong, is very bullish and i will not be surprised if in next 12 months the stock trades above 1200.
# Entire media has turned cautious and brokerages have slashed price targets left right and center but to me the price action if you look at closing chart is not negative. In fact I would say all kinds of rumors and bad news of losses were thrown at the bank but the stock refuses to close below 750.
# This is how stocks bottom and move up contrary to what market participants in general say. They say what they just saw but market works differently. The price action to me, and I could be wrong, is very bullish and i will not be surprised if in next 12 months the stock trades above 1200.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.