IDFC Bank differs with other private bank in the aspect that it is a turnaround story. So far, it is not fully confirmed that it has definitely turned around. There remain lingering uncertainty as occasional turbulent air pockets in the upward flight path keep popping up. In between it appeared that every issue was sorted out but again it hit a cloud patch. However it would be reasonable now to assume ( As per management guidance) that within next two or three quarters bank would reach an altitude without significant turbulence in its path. I think big boys would come in only after they feel confident that bank is set on its path firmly.
Investors like me have already watched the bank for six years patiently. Even adding stock on a couple of occasions. My gut feel is that the re rating should happen sometimes around April 2025. So 2025 would be an interesting year for those wishing to add or start encashing.
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