THREE PRIVATE BANKS TRADING BELOW THEIR BOOK VALUE TO KEEP ON YOUR RADAR

The volatility in the Indian stocks markets over the past few months with Foreign Institutional Investors (FII) selling heavily has led to investors increasingly looking at stocks, which have reasonable valuations as well as fairly strong growth prospects. Bank stocks have been a popular ‘traditional’ choice amongst domestic investors since they are a ‘play’ on the broader economy. Amongst bank stocks, domestic investors are looking beyond the well-known private sector names, focusing on smaller banks with fair valuations. $KTKBANK - stock price Rs 270, Book Value of Rs 350, stock is trading at 0.7x it's Book Value $DHANBANK - stock price Rs 33, Book Value of Rs 37, stock is trading at 0.9x it's Book Value $J&KBANK - stock price Rs 139, Book Value of Rs 150, stock is trading at 0.9x it's Book Value