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umeshsmiles

Bank of Baroda, Dena Bank, Vijaya Bank will move up due to merge

Long
BANK OF BARODA (BSE:BANKBARODA)  
umeshsmiles Updated   
BSE:BANKBARODA   BANK OF BARODA
Beyond Technical Analysis banks barodabank DENABANK VIJAYABANK longterm buysignal
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beyondta banks barodabank denabank vijayabank longterm buysignal
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.indiat...cleshow/65844701.cms
Comment:
Dena bank will get more benefit as its NPA will go down from 11% to 5.7% so its price will move up more
Comment:
Bank of baroda and Vijaya Bank will not get much benefit out of merger so watch those stocks first then decide buy or sell.
Comment:
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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