Tuesday, November 6, 2012

RESULTS TODAY : CANARA, CENTRAL, DENA BANK AND BOSCH

Three public sector banks of different size will announce their Q2 results today. So far the trend for PSU banks have not been encouraging. They have been bogged by slow growth rate, raising NPAs and falling margins. We expect the similar trend in the results to be announced by Canara, Dena and Central bank. Auto ancillary major Bosch too will announce its results for Sept quarter. Since the auto sales were sluggish in the last quarter, Bosch results may not be that exciting.

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