DSIJ Mindshare

During Q2FY23, the bank logged the highest-ever quarterly net interest income and PBT due to an overall improvement in CASA, net interest income, and reduced provisions (excluding tax). Further, the bank was able to beef up the capital-to-risk-weighted asset ratio (CRAR) to a level of 16.04 per cent from 15.74 per cent on a YoY basis.   

Interestingly, 10 out of 13 stocks managed to deliver positive returns in the last two years. Now, here comes the most fascinating thing which would leave everyone spellbound and it's the fact that not one or two stocks but as many as four stocks have turned into multi-baggers!  

Interestingly, the book value of the company is Rs 17 and currently, it is quoting below its book value as the current market price stands at Rs 10.90.

The bottom line is that whether the stock is enjoying a period of luck just like Bumrah or something is really turning around for the company

In line with this, the stock could remain on the watch list of the market participants and could also witness a knee-jerk reaction at today’s opening bell.