Sorry for commenting in between, with Jio finance listed at mcap much greater than companies like HDFC Life and among NBFCs only Bajaj Finance/Finserv having mcap more than Jio finance…this looks like a Nykaa moment to me when Nykaa grew mcap more than double of Tata’s Trent and today its precisely the other way round…
Disc: Invested in HDFC Life & Trent and burnt fingers in Nykaa hence biased. Not a buy/sell recommendation. Views only for academic purposes and I can be wrong in all my assessments.
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