Such good results, consistently beating the estimates, the guidance of >5% NIMs, and still stock has been underperforming the market for so long
What could be the reasons for this underperformance:
- Is it Uday Kotak’s planned exit and lack of clarity on his successor?
- Is it their inclination towards risky loans whose share has been increasing as a percentage of the overall loan book?
- Or since the stock has been historically valued above(P/B) its peers and now its just a time correction of the valuations?
I am looking forward to inputs from the community members.
Disc – Holding in the portfolio with significant allocation.
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