In my view, Idfcfb should be rather compared with AUSmall finance bank than Axis bank in terms of P/B ratio.
Ausfb is commanding a P/B of over 6 and Idfcfb is at now at 2. Moreover, the market perhaps knows the books and future profitability looks way more better for idfcfb, and that is how they decide the price.
Good time for the investors to just wait, appreciate the conviction they had shown in past and witness it paying off slowly but steadily.
| Subscribe To Our Free Newsletter |
