IOB- a great buy

Indian Overseas Bank appears to be a good buy at sub 130. Its price had not appreciated like some other banks mainly because of poor operational performance of late. The present chairman of IOB seems determined to weed out some of the inefficiencies. Now some essentially useless banks are quoting above IOB which has a robust presence in south India and a sound and loyal clientele. Concious of this it is being accumulated by knowledgeable parties. It should be a good buy for a hundered percent appreciatin within a year.

--Venugopal