Analysis on VIJAYA BANK

[Sukumar]

VIJAYA BANK -
ANALYSIS

Technical Report :

Vijaya Bank is trading now at 68. In chart there is an entry at
72-75 for both short and long term. The target for short term is 85
and long term is 102. The support level is at the rate of 55-57.The
resistance level is at the rate of 77-97. Technical analysis says
that buying Vijaya Bank will most accurately give the adequate return
in both mentioned terms.

Simple Moving Averages

Days BSE NSE
30 70.22 70.22
50 77.21 77.24
150 67.25 67.26
200 62.86 62.87

Mkt Cap 3,041.13
P/E 7.47
EPS (TTM) 9.39
B/V: 42.70
Mkt Lot 1.00
FV 10.00
52 week high 96.80
52 week low 38.00


Financials of Vijaya Bank :

Income Statement Quarterly Annually
(Dec
'07) (Mar '07)
Net Sales 1022.51
2823.11
Other Income 116.68
336.70
PBDIT 984.55
2122.64
Net Profit 126.88
331.34

Mutual Funds Holding - Vijaya Bank

Scheme
Name
No. of shr
Birla Dividend Yield Plus
(G)
1,060,233
ICICI Pru Blended Plan - A
(G)
931,502
Standard Chartered Arbitrage Fund - Plan A
(G) 590,707
Kotak Equity Arbitrage Fund
(G)
479,550
Standard Chartered Arbitrage Fund - Institutional Plan - Plan B
(G) 454,643

Sector :Groups: Bank - Public Sector
Chairman and Managing director Prakash P Mallya

*Vijaya Bank, was founded on 23rd October 1931.The objective of the
founders was essentially to promote banking habit, thrift and
enterpreneurship among the farming community .The bank became a
scheduled bank in 1958.
*Vijaya Bank steadily grew into a large All India bank, with nine
smaller banks merging with it during the 1963-68. The bank was
nationalised on 15th April 1980. The bank has network of 1000
branches, 50 Extention Counters and 225 ATMs. [ As at 01.02.2008] that
span all 28 states and 4 union territories in the country.
*Each branch provides effective and efficient services and
significantly contributes to the growth of the individual, and the
nation.

Services :

* Loans & Advances
* NRI Services
* Remittance & Collection
* Credit Card
* Forex
* Merchant Banking
* Vijaya Raksha
* V Arogya Bima Policy
* Service Charges

Fundamental News about the Bank :

* Vijaya Bank has aimed at achieving a minimum of Rs 425 crore net
profit by the end of March 2008.
* Reiterating that Vijaya Bank was a fast growing enterprise.
* The bank had achieved 65 per cent growth in the past one year. The
total business of the bank in between December 2006 and december 2007
is Rs 72,000 crore.
* Vijaya Bank has the Market Capitalisation of 2980cr. And net
sales is 2,823.11.when compare to SBT,SBBJ,Bank of Maharashtra,Dena
Bank, Vijaya Bank is leading both market capitilisation and net sales.
* Vijaya Bank plans to set up branches in China, Hong Kong, Malaysia
and Dubai.

Fundamental Report :

* With gradual increment in its EPS, the market price and the
investment in vijaya bank is being increasing.
* Book Value of Vijaya Bank was 37.37 on Mar-2006,by the next year
this has been valued as 42.70.This is also indicating the fundamental
value of the bank.
* The bank plays vital role by reducing the operating
expences .Operating expences for a company should be in a decreased
manner in its each year report. We found that the expenditure on
production of goods and services should be prompt to utilize the
sources, this utilization should reduce the cost for.

Inference :

From 2005 to 2007,the bank was rapidly improved. By expanding more
services through increasing branches is the main cause for its rapid
growth in this particular period. More investment from both primary
and secondary market also the reason for its improvement. Through
periodical improvemental activities the bank had achieved this growth
by competing with other mentioned banks.This is still to go and grow.


N.Sukumar
Research Dept.