SRG Housing finance
Bought it because,
- I felt interest rates are about to peak
- Management has handled growth, balance sheet etc very properly in the past
- Spread is great & so ROE
- Recently done branch expansion
- margins at all time low, due to high interest rates & branch expansion
- Green shoots seen in rural economy after a long time
I think this is a right time to buy it as growth is about to kick in and interest rates will start declining in matter of few months (52% of borrowing in floating rate and all lending is in fixed rate)
Risks: Refinancing/growth capital risk as banks are playing very safe in current environment, Promotor drawing high salary and rural economy may not pickup etc
Disc: invested, may change my mind anytime, consult with your financial advisor before taking any decision.
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