With Laxmi Vilas Bank (merger declaration & PCA release by RBI).. the stock has turned out to be another wealth destroyer for the investors.
Be Cautious. on Technical Front the stock has lost all its and showing the end of era of the company. Besides, on fundamental sides,
the company has exposure to banks like HDFC Bank , SBI Bank, Yes bank and other prominent banks which can lead the entire index to fall further. The connecting dots of LVB and Indiabulls will soon reveal lots of unpaid debts & interest payment which will further give disaster to the investor and the market.
So Be aware
#IndiabullsHousingFinance #LVB #LaxmiVilasBank