Am not sure of that… pls examine your facts. Many banks kotak, axis, etc do jlg it helps them meet psl targets. Pls check with MFin on theor website. Even for idfc befire the floods for 5 years they never had a problem. Atleast credit cost was low from what we can see.

mfi ofcourse has issues from time to time like what happened in AP in 2008 what happened to bandhan in east and what happened in chennai floods recently.

Fortunately this bank had only 6 pc of book in mfi unlike bandhan which had a large share of the book in mfi.

Hope this washes away in a couple of quarters

At capital first they were not doing this, maybe started after merging with idfc

See i was a capital first shareholder and complained hard about marrying IDFC. So think of me as a criticz see my earliest posts. Because Capital first dit so well i made lot of money like 6 times in 5 years.

Tis sttock is running only on managemtn name… else for roe of 10 it shoulnt hae been at this multiple at this price.

Despite being a critic, atleast one thing ill say they havr bailed out IDFC Bank. Idfc bank was in a terrible shape fully funded on certificate of deposits and corporate deposits. No earnings. They havr spent all their five years cleaning up somebody elses problem.

They were chasing down bajaj with somilar stock performance and similar profit performance. after merger the stock effectively has only doubled in 5 years some 37 or 38 to 75 …

This is an excellent thread for capturing growth companies but we should take management guidance with a pinch of salt in this current bull market. I would request people to also post company management’s past guidances and how much they have delivered on their promise. Are they really walking the walk or just talking?

yeah so that’s what I mentioned right, the co has recently switched it’s business operations from mining and allied activities to now in the renewable energy space. Also as far as promoter holding is concerned, some companies are professionally managed. But yeah as I said in the earlier post, we need more information about the company to say anything decisively.

Hi

The company business profile shows its infra but recent PPT shows is solar and no promoter holding also , is there anything am i missing