See i was a capital first shareholder and complained hard about marrying IDFC. So think of me as a criticz see my earliest posts. Because Capital first dit so well i made lot of money like 6 times in 5 years.
Tis sttock is running only on managemtn name… else for roe of 10 it shoulnt hae been at this multiple at this price.
Despite being a critic, atleast one thing ill say they havr bailed out IDFC Bank. Idfc bank was in a terrible shape fully funded on certificate of deposits and corporate deposits. No earnings. They havr spent all their five years cleaning up somebody elses problem.
They were chasing down bajaj with somilar stock performance and similar profit performance. after merger the stock effectively has only doubled in 5 years some 37 or 38 to 75 …
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