I see a complete story unraveling and efforts of Gagan and his team taking shape. He just needs to show some growth in coming quarters and market will take the stock to atleast book value( Another 100percent rise in 1-2 year span). Many short sellers getting squeezed out and a name change to Sanman will be a new beginning. FCCB conversion into equity will be another boost as growth capital will be released in the company. Many high profile investors invested at 260 so I believe they would be already averaging this stock at these levels. Dividend announcement in last quarter has infused the confidence and I foresee good secular growth henceforth as co-lending model is taking care of future ALM mismatch risks.
My views are biased as I am invested from lower levels.
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