imo, IDFC First was getting higher valuations due to the perception that it is a fast growing bank compared to federal Bank…with that perception gone now, it may correct to valuations equal to Federal Bank i.e below 1.5 P/B or to P/E of 10-15…that would be a huge loss and cause of frustration for investors like me who are waiting for any meaningful stock price returns since ages now…
Subscribe To Our Free Newsletter |