Not missing anything but your return expectations are low…which is a good thing probably…
With newer segments like credit cards becoming profitable and legacy borrowing getting replaced with low cost funds, I am expecting the bank to make profits of roughly 3000,4000 and 5000 crores in F.Y. 24, F.Y 25 and F.Y. 26 respectively…and stock price to be 4X in 3 years, specially considering it has done nothing in last almost 5 years…
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