We recently added historical quarterly EPS charts on our equities page it has started throwing up some interesting questions. Consider IndusInd Bank [stockquote]INDUSINDBK[/stockquote] for example:
The bank has had an almost unbroken streak ever since it started reporting results (from back in 2007 July) and the stock has basically gone from Rs. 50 to Rs. 400 in the same period… a 40% IRR + dividends, if you had just bought the stock and sat on it for 6 years.
A similar story seems to have played out in Yes Bank [stockquote]YESBANK[/stockquote] as well:
And Axis Bank [stockquote]AXISBANK[/stockquote]:
Most private banks more or less have the same story. Incredible how in spite of the economy experiencing multiple head-winds – slowing growth, the Lehman event, etc. banks have been ringing it in…
Comments are closed, but trackbacks and pingbacks are open.