Added REC on Friday and today. Have added funds to this to purchase. Have made it 15% of portfolio
This is before news of BSE 100 addition.
Two things that led me to take the plunge is robust loan uptake, a good cleanup of NPA.
Can anyone point out what % of its borrowings are short term and % long term. In case in second half of the year we get RBI rate cuts, how does it impact NIM.
Exited Swelect on Friday. Was a short-term play and felt overvalued based on results. Will most probably rue this but it is what it is.
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