AXISBANK & ICICIBANK – weekend analysis
1. AXISBANK Results announced – Net interest income grew by 42.5% YoY during 1HFY11 on the back of 37% YoY growth in advances & Net profits grew by 35% YoY What happens after good results are announced? Markets starts thinking if this kind of YoY growth is sustainable & stock falls 6% in 2 days on […]
SBIN & HDFCBANK – weekend analysis
Posting weekend analysis of top 4 banks that make up 70% of Banknifty 1. SBIN: This week as someone in trading room put it ‘SBI was taken to the cleaners’. As I had mentioned last week 3266 was the level after which it would sharply rise & it did rise till 3320. And when that […]