Once in a decade kind of opportunity at 690 odd levels as on 19th March 2025 in my view. Stock over reacted to the derivative accounting issue worth 2.35% of Networth The stock is available at 0.7 time fy 26 book value which is just a year from now. With GNPA at 2.5%, NNPA at 1%, CAR of 16% and a quarterly profit potential of 2500 crores on a b/s size of 6 lac crores, 1500 crores of expected loss is easily absorbable and a 27% reaction on 11th March for that was blown out of proportion. I am aware that ceo got only 1 year extension when board approved 3 years and there is a sudden discrepancy of 1520 crore which has come out of blue due to derivative hedging issue but we have seen such events in past and the valuation didn't breakdown to such ridiculous levels. For example ICICI Bank faced issues of CEO fraud, excessive lending to troubled corporates and yet it bottomed out at 1.2 times book Value. Another example is of Axis Bank when RBI found NPA divergence of 5600 crores worth over 10% of its networth at that time in June 2017. The stock fell only 9% that day and didn't went below 1.8 times book value. CEO sikha sharma didn't got any extension even though board approved 3 years of extension to her as CEO. Even in the biggest banking fraud which involved Well Fargo having opened millions of fake accounts, the stock fell only 20% from top to bottom and recovered the lost ground in next 5 months. The reason that I can imagine why IndusInd bank has reacted so violently is due to enormous amount of technical / momentum traders and strategies at play in market these days. Algo based trading coupled with leverage has created a scenario where even a slightest news is creating a monster reaction on downside when everyone is trying to exit at the same time. That is creating the price distortion I have not witnessed before. Once things settle the market will revalue the bank appropriately and in a years time it should be above 1650 levels valuing it at 1.5 time fY 27 book value. Note: I am invested in the stock and if you wish to buy this investment please consult your financial advisor and follow a diversified portfolio approach.
Marvel has finally decided to address the skull-shaped elephant in the room. Warning: this article contains spoilers for Daredevil: Born Again Episode 4. If you haven't already, be sure to check out IGN's review of Episode 4.Marvel has made no secret of the fact that Jon Bernthal would be reprising his role as Frank Castle in Daredevil: Born Again’s …
A gleefully stupid (but entertainingly so) tribute to anime and superheroes that has tons of fun with the DC Universe. DC villains aren’t known for the practicality of their evil schemes: laughing fish, stealing stuff by twos, leaving behind a clue in the form of a riddle, things of that nature. But it says something about the sensibility of Batman Ninja vs. Yakuza League that, when confronted with the villainous …
Nicole Kidman stars in a sloppily plotted sub-Fargo thriller. Holland streams on Prime Video beginning Thursday, March 27. This review is based on a screening at the 2025 SXSW FIlm and TV Festival.A small town with a secret isn’t an inherently American trope – plenty of Nordic murder mysteries revolve around the concept, for example – but it does …
Co-op support. Hazelight director Josef Fares has taken the time to clear the air about his studio’s relationship with EA while promising that the It Takes Two and Split Fiction developer is already working on its next game.The creative behind the infamous “f*** the Oscars” line spoke …
Nicht jeder James Bond-Film kommt bei der Kritik gut an. Gerade Pierce Brosnan hatte es mit seinen späteren 007-Missionen schwer, wie unser heutiger TV-Tipp zeigt.
??? Gold news : ?The price of gold (XAU/USD) is experiencing a bullish consolidation near its all-time high as traders take a pause, awaiting the outcome of the Federal Open Market Committee (FOMC) policy meeting set to conclude on Wednesday. Market expectations widely anticipate that the Federal Reserve (Fed) will maintain the federal funds rate within the current 4.25%–4.50% range. As a result, attention will shift to the Fed's updated economic projections and Chair Jerome Powell's post-meeting press conference, where his remarks will be closely analyzed for insights into the future rate-cut trajectory. These developments will be crucial in shaping short-term movements in the US Dollar (USD) and could significantly impact the direction of the non-yielding precious metal. Personal opinion: ?At the moment, there is little chance that gold will continue to increase in the Asian and European sessions, it is likely to decrease slightly to adjust and consolidate the upward momentum for the next trend ?Gold's RSI (1H) has divergence after entering the overbought zone, reinforcing the argument for a slight decrease today Analysis: ?Based on important resistance - support levels and Fibonacci combined with Pivot points to come up with a suitable strategy Plan: ?Price Zone Setup: ?Sell Gold 3063- 3065 ❌SL: 3070 | ✅TP: 3057 – 3050 – 3043 ?Buy Gold 3026- 3028 (Scalping) ❌SL: 3025 | ✅TP: 3033 – 3038 – 3048 ?Buy Gold 3004- 3001 ❌SL: 2997 | ✅TP: 3008 – 3013 – 3018 FM wishes you a successful trading day ???
The CAD/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 105.50 2nd Resistance – 106.06 ? Please hit the like button and ? Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.