Bank of Rajasthan Ltd Stock Quotes and Charts
Bank of Rajasthan is a good buy at Rs.120 levels amongst all the private sector banks. Share price may soon cross Rs.150 mark.
Looks good for short term investment as mkt is looking firm? Is it a Gud time??<br>
Bank of Rajasthan net profit rises 20.80% in the March 2008 quarter <br><br>Operating income rises 23.51% to Rs 286.92 crore <br><br>Net profit of Bank of Rajasthan rose 20.80% to Rs 18.70 crore in the quarter ended March 2008 as against Rs 15.48 crore during the previous quarter ended March 2007. Total operating income rose 23.51% to Rs 286.92 crore in the quarter ended March 2008 as against Rs 232.31 crore during the previous quarter ended March 2007. <br><br>For the full year, net profit rose 4.19% to Rs 115.20 crore in the year ended March 2008 as against Rs 110.57 crore during the previous year ended March 2007. Total operating income rose 38.46% to Rs 1049.44 crore in the year ended March 2008 as against Rs 757.93 crore during the previous year ended March 2007<br>
Bank Of Rajasthan-Likely To Have Liquidity Problems....<br>Bank of Rajasthan, one of the largest private banks operating in the State of Rajasthan seems to be having major liquidity problems. First, the Dividend for FY08 is a mere 5 per cent, on top of that the management has offered a poor bonus ratio of 1:5.<br> <br>It is inexplicable that BOR is raising Equity through Bonus when preferential allotment to Promoters and non promoter QIB/QIPs is pending, the combined move of all these would be to double or triple the existing Equity without the earnings growth having caught up with the Equity. The management of this Bank has never received the confidence of the market, with the stock having lost 67 per cent of its market cap in the past six months. The average for the past decade has been about Rs 40, minus all the engineered swings the stock generates from time to time.<br> <br>Once again the management is using the press to spread stories that they will be selling out and reducing their stake in the Bank to 10 per cent by March 2009. This announcement must have come for the umpteenth time and once again shows the lucid conduct of the management as having subscribed partially to the preferential warrants held by them, they must be trying to jack up the stock so that their personal holdings can be sold in the market.
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