Keep on eye CBop and HDFC

Thebullishtrends: Centurion Bank of Punjab, India's 12th largest private sector bank in terms of operating income had outperformed the market over the past one month till 20 February 2008, the stock price declined 5.23% compared to the Sensex’s return of 5.31%. It also outperformed the market in the past one quarter, rising 15.53% compared to Sensex’s decline of 4.91%.
Centurion Bank of Punjab's is having the current equity is Rs 187.30 crore. Face value per share is Rs 1. The current price of Rs 56.30 discounts its Q3 December 2007 annualized EPS of Rs 1.03, by a PE multiple of 54.66. Bank of Punjab's net profit rose by 44% for the Q3 ended,

As per the reports there are is a chance that ther HDFC Bank and Centurion Bank of Punjab (CboP) merger deal will go through. Since long time the market is expecting merger news of Centurion Bank of Punbaj with leading banks. Keep on eye on this counter though it is a speculative scrip. But there is a possibility of stock price rise in near term.