Ace Development Bank, 286.50%, thinking to buy? Purchasing Stocks of Ace.

Ace Development Bank Limited's third quarter net profit shore up by 286.50 percent.

In the unaudited financial report for the third quarter published today, the bank has stated that its net profit has increased to Rs 4.83 crore from a loss of Rs 2.59 crore as compared to the corresponding quarter of the last fiscal year 2069/70.

 Bet interest income = Rs 19.60 crore

Provision for possible loss = Rs  8.12 crore

Deposits= Rs 5.96 Arba

Loan=Rs 4.34 Arba

 EPS =  Rs 7.79

Net worth per share = Rs 118.82

P/E ratio= 23.50 times.

Closing at may 8=Rs 204.00

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Is there anything that might interest stock traders in the bank?

Well, 286.50% of profits in 3rd quarter is the key attraction for the stock traders. Further more, right now the price may go up or down, nobody knows and we should act accordingly.