I agree that idfc first has not given any return in last 3 years since merger.
However, stock market doesn’t work on a linear scale. Market tests patience of investors.
There can be no return for years during consolidation phase of a company and then you get superlative return in the span of few months, once market recognizes the actual potential ( 2% ROA )
I for one believe that next 3 years return of idfc first will be more than enough to compensate for last 3 years of no return.
Disc: Invested & biased, Top allocation in portfolio.
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