InvestorQ : yes bank turn around. your investment double within a short period. isn't it
Prakash made post

yes bank turn around. your investment double within a short period. isn't it

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Angel dcosta answered.
1 month ago
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That is hard to say. I will give you a simple calculation. The company needs to earn Rs.2500 crore profit to be able to generate Rs.1 EPS. That looks too ambitious at this point. However, being a low priced stock and with the backing of the SBI, the stock could double if the euphoria in banking stocks is back. There is no real fundamental story for the stock to double but liquidity can do wonders. It is a high risk bet.

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