Abstract: Syndicate bank stock performed well on the 25th of January, 2008, and is expected to go up further if the stock market trends remain positive
Syndicate bank stock - On the high
Syndicate bank stock holding is concentrated within a particular section of the market players. As per the dealers, the stocks of the Syndicate Bank are being accumulated by the financial company of one of the leading corporate house.
The Syndicate bank stock yields good dividend, which is regarded to be one of the factors for such an accumulation. The net profit of Syndicate Bank for the last quarter of the year 2007 was Rs. 1.04 billion. The Net interest income (NII) growth was 53% more than 2006. The growth of the net profit, for the year 2007, was Rs. 7.1 billion.
Syndicate bank stock - Performance
Syndicate bank stock has performed well on the 25th of January 2008, at the Sensex. The stock markets made up the losses incurred earlier, and added extra to close at the highest point on that day. The stock of Syndicate Bank can be bought at Rs 95 with a stop loss of Rs 87. The price is expected to rise further if the stock market remains positive. On the 25th January, 2008, the Syndicate Bank stock closed at Rs 101.90, and was up by 10.34%.
Syndicate Bank
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