Dear @Ascendant , Thank you for asking. Please note that I am not an expert BFSI sector to comment on this as I didn’t study the impact of small or nil promoter holding and/or impact of over/under ownership of FIIs in a bank. Personally I don’t consider this as a problem. RBI allows FDI to a certain percentage as maximum they can buy. I would just watch how the bank performs and walking the talk. My bet is on Vaidya and the journey of bank to a leading player. Also I consider banking sector is very risky and I am not very successful in this sector getting big winners. But now this lagging sector should do well and when it does I feel IDFC First will/should appreciate well. I hold few more SFBs with small allocation ranging 1-2% to learn, understand.
Disc: I hold the bank with approx 3% allotment and keep strict stop loss and can exit anytime as in BFSI there are many unknowns to my level of expertise. I may not disclose to this forum of changes in my holding. I am not qualified to advise.
In fact, I had exited when it breached 75 levels and then entered again as I thought it stabilised around 70 levels. I deserve my right to be wrong as I am not an expert in anything, invest based on probability of stock appreciation.8
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