As you said it is losing market share, do you think it’s due to Lending becoming popular and new players entry?
Reliance with no business in lending entered via Jio Financial
Pidilite which is an Adhesive company also recently announced to setup a lending business.
I see this business as highly competitive and only players with well established disbursement network like Bajaj Finance and Jio Financial can survive in case of any headwinds.
Growth points:
- GOI new 60K Crore housing scheme
- Realty sector showing growth, Rural housing to follow through
- Quite beaten down and ignored in term’s of stock price, since majority is focused on Hot sectors like Railway, NBFC, Renewable Power. This would correct sooner or later.
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