Hi,
Nope, long term this is a macro story. As per my opinion if you are looking at investing perspective this is a good company to hold in your portfolio. I have exited looking at chart structure. Although i am learning and there is still a lot to learn for me to share a definitive call.
Some good points for the stock:
- Good brand
- Good management
- Credit use is increasing in the market
- Only point to watch out for is rise in NPA but that would happen if the condition of the economy goes bad. Also, i think their grip is better in Tier 2 and tier 3 cities where folks are not savvy regarding credit use.
But all in all good company to hold for long term as long you keep on tracking their numbers.
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