South Bank
South bank is fundamentally strong stock with backing of steady earnings and ROCE, loans to deposit ratio is also fairly balanced and well diversified too. At current market price it is much undervalued considering future growth in sector. Stock has taken support on 52 week low positioned on 100 period ma on weekly chart . Suggested entry is between 24.25 to 25 with stoploss of 21.50 is good . Target will be 37 which is all time high . queries and suggestions are welcomed .
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