Key Points
The other stock we have added recently is Laurus Labs..
I think the focus is clearly on increasing fee-based income and reaching pan-India not just to build a bigger deposit base, but also to offer more services, because it is the services aspect which they are weak on and it is going to take a while, but I am fairly positive with the kind of asset base they have, the strength of their balance sheet, if they actually make a foray into some of this, because they are very well capitalised and they can make that expansion...
But I have had this stock for almost eight-nine years now and initially did not do anything but in the last three years post Covid, it has moved from about Rs 45-46 to about Rs 153 today and I am fairly positive that these banks, the smaller banks, IDFC and Federal Bank, would outperform the likes of HDFC and ICICI going forward...
Coming back to the point, you are a bit wary when it comes to the large private banking names but what are the recent additions that you have made to the portfolio which sector, which stocks, which still look attractive because a lot of mid and smallcaps have run up?..
But, at a market cap of Rs 38,000- 40,000 crore and trading at Rs 630, I am quite positive on the stock, especially after the way it fell last week after they said we are not going to disburse these small ticket loans..
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