I too started tracking the company for its valuations.
Now P/B might be lower as compared to IPO P/B.
In terms of management I am still not yet convinced with their transperancy and answers to the questions in call & media interviews. They have never spoken about MFI sector stress at the time of IPO and started provisions only immediately after IPO concluded.
Like all other companies they also managed the provisions well before the IPO and started bursting after IPO, I asked this question in Q2 call also.
In addition to MFI, MSME & Vehicle finance also can face stress. On ground vehicle finance NPAs are shooting up like anything.
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