This looks like a no brainer stock, with everything going right for the stock and company
- Q1 result was superb as 70 % inc in profit, all four quarters are expected to be like this good.
- RBI rate cutting will further increase the profitability with NCD/CP financing increasing qoq
- NIMs will further improve as year passes by, cost of funds decreasing
- Stock is still illiquid and under owned/undiscovered to some extent by institutions
- Any fund getting in will lead to further rerating
- A growth of 30/35 % in itself is a huge growth with NIL NPA
- RBI reducing risk wt for housing loans will further help. Avg ticket size of 18 lakh is another positive.
Disc : invested
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