Agree with all points , Summary seems that as long as consumer discretionary spend picks up and NPA stays in acceptable range trajectory( perception vs reality)…BF is a good bet for India consumption story - if that is not going to pick, what happens to market is anybody’s guess. If that belief exists - Rest is timing and valuations and that is individual framework to build position gradually. Fintech parlance was for data and consumers at a scale BF owns - takes years to get there - solid monatizable asset if not moat.
While vaccine isn’t found yet and US mortality rates are on upward trajectory ( peak seems to be a moving target) - Nasdaq is back to where it was pre covid( almost). Plenty of expert theories but market has it’s own mysterious ways to move and look at situations esp when flush with money. Again this is anecdotal- not a basis for investments.
For some of us who cant perfectly time market like many experts here yet, this seems to be window to slowly build position - individual view - we all can agree to disagree :).