I have recently started looking at the company after quite a few mentions by my friend. I am making a very generic statement which I told him as well when he said, “I dont understand why stock is a rangebound”.
The way I look at it is, given interests rates have been high for last 1.5 years, SBFC would feel the pinch max. Larger banks would cut into markets of NBFC and SBFCs as the rates are high and they can if they have to take some hit on credit quality. So the good parameter would be how fast UGRO lending book is growing specially in last 1-1.5 years.
Happy to stand corrected if I am missing any major point.
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