Ashirwad Microfinance
56 cr profit sept quarter vs 8cr loss in June quarter
It’s almost 20% profit addition to Manappuram
Expecting Manappuram consolidated profit should go up at least 20-30 % this quarter
It will drop PE from 7.9 to 6
Dividend yield 3%
It will bring Manappuram dividend minus PE to less than 4-5
It’s insane valuations
Looks like turn around in Ashirwad
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