On technical front Arman and CAG both are near bottom of a long term ascending channel if you switch to weekly.
Satin posted numbers yesterday as expected gnpa nnpa numbers increased.
I am waiting for Arman result. DCB Bank mgmt is telling this MFI situation will take 1 year to resolve…
Best we can do is add in tranches as stocks won’t fly in a single quarter. When we will see improvement in numbers we can go ahead with our picks. My picks are Arman, Muthoot and CAG.
Arman Debt to Equity is low it’s very good that they raised fund near high valuation peak. Around 2300 rs. So they are ready for when the cycle turns. This is how they operate. They do provisioning aggressively and write off. Then when things improve they fire all the guns. One can watch SOIC video on Arman Finance how they did in past crysis like covid and demonetisations.
Arman Financial Services! The best listed Microfinance NBFC 🥇?
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