Recently, tax notice have been given to subsidiary (narma) of arman financial. Want an insight on governance issue and on integrity of promoters/management. Are they shareholder friendly??
Views will be appreciated.
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Does anyone have any hypothesis on recent price fall of the stock?
The Company will challenge the same based on strong
merits by way of filing its reply/ submissions, before the
relevant authorities. There is no impact on financial,
operation or other activities of the Company due to this
Order. The impact will be limited to the extent of final tax
liability as may be ascertained along with interest and
penalty, if any. This is as per the statement.
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Rating is upgraded by CARE to A- from BBB+.
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Well a 35% correction from recent highs. This is despite ratings upgrade. Is the tax notice really weighing down on the stock? Any other concrete reasons apart from the tax notice?
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well this is purely my personal view , i may be totally biased.
I like the credit/lending business because of many reasons ,i think we all write 10 of them.
First when any country grows at 8% the biggest beneficieries will defenitely be lenders.
Second thing is the overall perception of indian PSU banks is changing , look at BS of all PSU banks in last 3 yrs.
Third thing is , The perception of RBI towards NBFC is also changing, look at the last 12months circumstances.
and also try to understand the kind of practice this NBFCs are doing.
Fourth factor is JIOs entry which impact may be less but not negligible.
Fifth, if u understand problem of CD ratio, the only solution is to go to villages and increase ur customers base, and obviously lend to micro finance customers.
tell me who will be looser of all this factors… …
Disc. Not invested in arman Holds Canara bank , JK bank & BOB
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