Key Points
"The price discovery will happen once this technical selling is over..
So, which means I think over time, it will actually see a re-rating of the multiples which on a fair value basis is hardly about a couple of times book value where it should trade much higher given its NIMS will be much higher."ETMarkets.com..
Chakri Lokapriya, CIO & MD, TCG AMC, says, I still strongly believe that it starts off the race in a very strong place with strong capital which is the number one requirement for any NBFC..
This will allow it to grow much faster, even the implied valuation, all the stock about fair valuation is actually very low because when you start applying the multiples that you would to NBFCs, then there is a lot more upside..
So, once the technical selling is over, Jio Financial actually will go much higher..
