InvestorQ : what is future of LAKSHMI VILAS BANK?

what is future of LAKSHMI VILAS BANK?

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rhea Babu answered.
6 months ago

While it was profitable bank in the past, the bank has run into a lot of liquidity issues and bad debt related issues in the recent past. It has been struggling for liquidity in the last few months and that is not a very good sign for a bank. The bank was supposed to be a possible acquisition target some time back but that is no longer the case so even the short term trigger that investors could expect from this stock does not exist any longer. The stock price has fallen from Rs.100 last year to just about Rs.15, which shows the extent of price damage in the stock. It is a stock with a bleak future and best avoided.