Your conviction in this seems to be a solid one.
Since last week, I am going through their some of recent concall transcript & investor presentations.
Some of the key points observed:
- Catalyst for Growth coming from two verticals mainly i.e. NBFC & HFC
- AMC stake, seems more of a liquid cash position – which can be used to encash when cash is needed to support growth of NBFC & HFC (to augment capital base)
- Insurance business can be listed in few years down the line (like edelweiss has communicated recently)
- ARC & Money (broking biz) does not seems to be focus area.
With above in mind; Growth, profitability, NPA levels, credit cost, regulatory environment, underlying economic conditions and investor sentiments around NBFC & HFC will ultimately determine the price movement in ABC share price.
Would be glad to learn & understand more details about your (or other fellow VP members) solid conviction either in favor (or against) ABC.
Disc: Not yet invested in ABC, but holding 7% of PF in Edelweiss.
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