Hey Sumit,
Could you elaborate your bit on your investment thesis for Anand Rathi? The past few years, India has seen an ever growing number of people investing in the stock market, either directly or through MFs. MF companies, brokers and wealth management companies have benefited greatly from this and the same is reflected in their share price as well. So what’s sets Anand Rathi apart? Also is there justification for its sky high valuation compared to peers right now?
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