Bounce Back Likely - Bank of India
Ali On Content / 16 Mar 2009
Bank of India
BSE: 532149
CMP: 181.05
Volume: 773266
The counter in the last one month has fallen by close to 29 per cent, owing to the fall in the BSE Bankex index. As per a fund manager, banking sector, despite its exceptional performance in the December quarter, has witnessed such a decline on account of the concerns raised on the asset quality and the margins of the banks. However a broker feels that the banks are expected to bounce back in the coming period and PSU like BOI can be considered even for long-term investment. Thus investors with medium-term perspective can invest in the counter to earn decent returns.
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