Very unfortunate my comment about the value trap was deleted. I have less time to write long posts but I share the same thoughts which @arjunbadola has shared. If we focus on the underlying rather than on Mr. Nandkumars interviews we will see there are issues.
I also feel companies like IIFL which are in major business areas like Mumbai have added advantages over others due to so many reasons and hence we are seeing Manappuram losing market share.
Microfinance yes they are making a mark but it is a riskier business than gold loans. Maybe in 10 years it will again grow 10x as someone suggested but anticipation should not be the basis of investing your money but facts
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