To take other bets ,Where else you will find company growing at 20% at PE of 8 with high dividend yield with excellent positive cash flow
Gold growth is bumpy some quarters good some quarters flat
Overall in last 5 years growth is around 20%
Quarter on quarter growth even management can’t predict
Overall trend is good in long term
if we find any better valuations elsewhere then such bet can be taken
Here we are getting a chance of rerating to PE15(8-20) with ongoing 15-20% growth
Now moving towards diversified NBFC
Market some how dosent like to give better valuations to this script ,how long these cheap valuations will go ,no one knows
Management :
Ashirwad ipo hoping for positive news
New branches Hoping for positive outcome
Gold loan hoping for 8-10% annual growth
Gold loan some quarters will be flat while some will show growth
Non gold growing well
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