Going by its historical valuations, it looks like the valuation is at its peak. Not sure how long this euphoria will continue. Now it is trading above its book value. While it is true that the NPAs may get resolved going forward, the current lending will sow the seeds for future NPAs. Also, the company is now going to venture into non power financing and I am not sure if they have the expertise to do so. I have started to pare down my holdings in this after holding for about 7 years
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