Also at 3 times current price/book its not exactly at cheap valuations. But comparing recent IPOs like MAS, AU Finance and some other NBFCs ruling at above 5 times and we obviously have ‘the’ Bajaj Finance.
One more thing, I observed after Warburg divested 25% this year the Zing in the stock is lost. I guess lot of supply in the market and it needs a trigger. Could be anything like a big player accumulating , stellar results.
I just want to know current slack is not due to some key concern we are ignoring.
It has been a great wealth creator for me no doubt though. Enteted originally from 250 levels.