Long

multiple catalysts in psubanks

there are multiple catalysts for investor and traders interest in psu banks in coming days for one as per my understanding the psu companies will have to keep a dividend payout ratio of above 30% and currently bank of india has a payout ratio of 19.4% and a dividend yield of 2.72% and if applied the regulation of 30% dividend payout ratio then the yield will be around 4% on current profits which I expect to increase that's a view point and other than 155 is the current book value so it is a undervalued stock and a head and head shoulder is in the making and there is good support at 88/90 levels and 76 levels also my view on bank india is of investment and a value buy at this point I am ready to wait and add more if given any opportunity

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