Bank of Baroda, Dena Bank, Vijaya Bank will move up due to merge
Diupdate
As government has announced merger of 3 banks - Bank of Baroda, Dena Bank, Vijaya Bank, the price of these stocks will move up.
Here is the news
economictimes.indiatimes.com/industry/banking/finance/banking/the-government-logic-behind-the-merger-of-three-banks/articleshow/65844701.cms
Here is the news
economictimes.indiatimes.com/industry/banking/finance/banking/the-government-logic-behind-the-merger-of-three-banks/articleshow/65844701.cms
Catatan
Dena bank will get more benefit as its NPA will go down from 11% to 5.7% so its price will move up moreCatatan
Bank of baroda and Vijaya Bank will not get much benefit out of merger so watch those stocks first then decide buy or sell.Catatan
News channels has recommended to sell bank of baroda and vijaya bank and recommended to buy dena bank , so trade accordingly
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