Changes in the governing board should not be doubted. It could as well be for good. It is not symbolic of any negativity of the stock.
Ending Sept 10 qr, its income has scaled higher levels though net is down.
Ending Mar 18 its reserves are seen more than 25000 crore in comparison to 21000 crore for Mar 2018.
Deposits too have increased.
Advances are up. And so is the net block.
There is so much I can comment upon about this stock on financial terms like interest e earned. These are the tools to realize the strength of the stock. Yes Bank in the instant case.
It has a very conservative PE when compared with the industry and EPS is very attractive. I can well expect its price to be 400+ for long term.
Market is going through a phase of volatility. In these conditions, I have always promoted the culture of buying in SIP to play safe and stocks are not to be bought in bulk.
Entry point can be 165 or so.