Samir Ji,
Jk bank NPA is high and will remain high till the bank sells bad assest to ARC and write off some. They have taken a stance not to grow the loan book too much. I think its a good decesion. Management has recognized the problems and is willing to clean up the mess first and then only go for real growth.
EROS – Buffet always says be fearful when others are greedy and be greedy when others are fearful. Underlying business is not in any danger and atleast Box Office #s are real. Maybe the books might be a bit forged.
What is your estimate of Raymonds intrinsic value ?
I am ready to buy it big if the M Cap comes close to 1800-2000 CR
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