Y VERY VERY low PE OF OBC????????

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CA Lokesh Pokharna (Querist)
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14 December 2009 Y THE OBC IS TRADING AT VERY PE LOW RATIO WHCH IS 6-7 TIMES OF CURRENT YEAR EARNINGS. WHILE OTHERS BANKS R TRADING AT VERY HIGH 4 EXAMPLE BANK OF RAJ TRADING AT 9-10 TIMES. AND ICICI BANK N AXIS ND INDUSIND BANK N SBI N KOTAK N R ALSO TRADING AT VERY HIGH PE ... I BUY OBC @275 200 SHARES.... ANY ONE CAN TELL ME ABOUT Y THIS STOCK IS TRADING AT VERY LOW PRICE.????...........PLSSSSSSSS TELLLLLLLL

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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14 December 2009 When the expansion plans of a company are on cards; new plants become operative, foreign/technical tie-ups etc. are there, margins have improved; then p e ratios goes high.

BOB has no such plans. Whereas private banks are aggressive in growth plans.

The moment BOB management will awake; the prices of share will go up.

Ca Rakhecha,Surat

CA Lokesh Pokharna

CA Lokesh Pokharna (Querist)
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14 December 2009 sir i not asking @ BOB I ASKING @ ORIENTAL BANK OF COMMERCE........

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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15 December 2009 Sorry !

But still there is no difference.

OBC and BOB are of same level.

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