On further thinking, selling Fino Payments bank was not a good idea. I’d like to correct this mistake by building postion again and considering it’s ~12% below my selling price (more than a month ago) gives psychological comfort.
I believe the co can make 200-220 cr profit in FY26 and so trades at around 12.5x P/E. I believe the co could trade at 25x P/E as I estimate the profit to be growing at 20+ CAGR even in Fy26 and after. More over I see limited downside in the stock from here and if it falls I’ll be a buyer at lower levels. Chart below
One more co. that I recently started watching is Paras Defense. The management targets to grow 35-40% in FY24 and I expect the co to clock 20+ cagr in revenues atleast till FY26. The chart is quite interesting also, which makes me mention here (see how the price is consolidating for last few days and the volume is significantly lower in the fall)
Even though I feel the Chart is good, I’m not planning to buy as I feel that the valuation is bit expensive. But I may buy it with tight stoploss for a quick gain (or loss)
disc: No reco by any means
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