Bank of Baroda MultiBagger 5 year time frame Long Term
Starting in 1908 from a small building in Baroda to its new hi-rise and hi-tech Baroda Corporate Centre in Mumbai, is a saga of vision, enterprise, financial prudence and corporate governance.
The founder, Maharaja Sayajirao Gaekwad, with his insight into the future, saw "a bank of this nature will prove a beneficial agency for lending, transmission, and deposit of money and will be a powerful factor in the development of art, industries and commerce of the State and adjoining territories."
Between 1913 and 1917, as many as 87 banks failed in India. Bank of Baroda survived the crisis, mainly due to its honest and prudent leadership.
Bank is Run by Mr. P. S. Jayakumar, CEO is a Chartered Accountant by qualification and additionally holds a Post Graduate Diploma in Business Management from XLRI Jamshedpur. He also has the distinction of being a Chevening Gurukool Scholar through the London School of Economics and Political Science.
Sales of the Bank has constantly growing at 10 %. Currently its EPS has dropped due to high bad loans given,
But restructuring and new RBI norms will help the Bank to recoupe and comeup and this stock can go up and become a Multibaggers in next 5 years.
With Retail Inflation high at 6.85 % RBI Raguram Rajan might not cut Interest rates
For past 2 days Indian Share market has moved close to 1000 points on hope that RBI will cut interest rates as the Fiscal Deficit it well under control of 4%
But the Fact is Rajan never said he will reduce interest rate if the Fisical Deficit is low.All he said was that RBI mail focus is to contain Inflation.
With Retail Inflation high at 6. 9 % and RBI target of 5 % by March 2017, and 7 Pay Commission kicking in later part of the year, RBI will not be able to contain inflation if he gives a rate cut.
With all this in place, RBI will not could not cut any intrest rate for 2016.
So be cautious in Market and dont get caried away by Blue channel.
Do your own analysis and if it feels right then invest your hard earned money or do a SIP.