Hi guys,
NCCB has posted a fair 2nd Qrt report despite loss in investment of sluggish realty sector.
It had mobilized Rs 2.20 arba in deposit and Rs 1.76 arba in loan compared to Rs 1.85 arba it had mobilized in deposit and Rs 1.56 arba in loan during the second quarter last year. Also non-performing loan to the total loan has also decreased to 2.46 percent, down from 2.98 percent in the corresponding quarter.
Despite all the scandals of NB Group the health of the bank is very good and gradually progressing. I guess Tirtha Pradhan as CEO is doing great job.
Its last fisc yr EPS stands at 26 and P\E ratio at 9 apprx which is far better than kbl, lbl, mega or sanima. And from the profit of last fisc yr it has capacity to offer 21% max. In interview of Nirmal Pradhan, he guaranteed the beter return for this year. I think NCC may offer above 15% bonus share as it has minimum of paid up capital ie 1.47bil. and some cash dividened.
What you guys feel, please share your views, i think this scrip can be taken with the status of sbl.