Corporation Bank
CORPBANK

45.10

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Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

45.00

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Turnover (lac)
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Accumulate
Reco. Price
Rs 45.80

Last updated on 23-Nov-2016

We recommend Accumulate on the stock due to weak asset quality, lower NIM and return ratios. Inferior NIM performance is attributed to drop in CASA ratio, lower yield on advances, and higher slippages. The stock trades attractive at ~0.5x on FY18E BVPS. (Target Price- Rs.50.2).
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50 DMA (.)
43.27
100 DMA (.)
42.87
200 DMA (.)
40.30
Weekly Range (.)
44.10
47.50
Monthly Range (.)
33.10
50.90
52 Weeks Range (.)
31.05
50.90
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