Medanta IPO looks most attractive, tread carefully in Fusion Microfinance: Aditya Kondawar

“Fusion Microfinance have grown very well, their AUM has tripled, revenue has doubled and the net profit growth is very good. But it all has come at the cost of bad assets. The GNPLs have spiked from 1-1.5% to 6.5% in FY22. Couple that with expensive valuations and investors will have to tread very cautiously in this.”