Thursday, April 29, 2010

The Outperforming Banking Stocks

The banking stocks are doing really well for the past few months. I have SBI which I was thinking of dumping because of its sluggish run in last month. Thank god I did not do that, as it has gained momentum again. So I am hoping to get good returns for my investment.

I think the problem with banking stocks these days is which one to choose !! All of them looks exciting. I wish I had exposure to Axis bank; but no it is already expensive and difficult to get in.
I have Karur Vysya which has given me good return in last 3/4 months.

And there there is one which no one advised me to buy, still I bought it based on my gut feelings. It is United Bank. I bought it at near IPO price only a couple of days after listing and it is already giving me 12% return....not bad in 10 days, what do you say? But I have no plan to sell it just now, it will probably go much further, specially in this climate of bank run.

I get tempted to bye YES Bank, but again it is very difficult to get in now. And somehow I do not have much confidence in it, despite its recent excellent performance. May be I'll get into it eventually when the market corrects a bit.

As I said earlier, it is now difficult to choose where to invest in banking sector...all of them seems to be good. I wish I had more money to invest.


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