Hi @manhar,
Thanks for doing the hardwork for us by going through the earnings data.
Coming to the futuristic lookout in the price movement, I have some queries:-
- With the stake sale to the new investor body, how much are we looking at overall dilution and increase in number of outstanding shares
- Assuming that in the upcoming month of March’23 post closure of lock-in period, if we see people offloading their holdings and assuming even SBI does the same sometimes in the future, what would happen to the free float and O/S shares and its side effects.
- What is your view on the EPS and if that would anyway lead towards taking the stock price higher but quantitatively, the share price is still expensive.
- When do you think, we can expect the script coming back in Nifty50 which would enable reduction in free float by active/passive funds investment and long term holding
Not considering any new positives apart from the ARC offload, the rest appears to be same struggle/growth story across the banking sector. Although, Yesbank is well positioned with some niche offerings and highest level of efficiency.
TIA
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