I have been staying away from this stock due to the rapid increase in the number of credit card users in india.This means that they might not grow at the same pace they were before and these are unsecured loans so when times are good these are good but when times are bad npas could take a hit and this is evident in there results.
I have been tempted by the valuation but i feel a i might get it at a great price in a black swan event.
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