I want to know what are the reasons for recent fall in the stock prices if any despite good results and excellent asset quality. I understand recent changes in management on a large scale are also one of the reasons of the fall but i believe the new management is also of high standards. They have shown their ability in HDFC and are not just any random guys. So want to understand what is the market fearing about!.
They also gave a five year vision for the company.
Another thing i want to share, if its the rejig in management then we should look at a similar case that happened in birlasoft(though a completely different industry). Mr Dharmendra kapoor who was the MD was removed after he scaled the company and was replced by Angan Guha who is a Wipro veteran(he headed americas division for wipro and was responsible for more than 30% of its total revenue). Since Mr Guha took over, the company did remarkably well and we can see it was followed by share price too which went from 250-270 to 850. I know its not the same but there is a possibility of similar thing happening in a few years if the management walks the talk.
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