iifl finance the dark horse after bajaj financ read description
Updated
iifl promoter nirmal jain a strong one we can see in past he developed iifl wealth managment and iifl group companies
now he is onto iifl finance where its eps are rising significantly qoq and last week there was a bulk deal where iifl group raised around 360 cr you can find the article in money control and later on they have meeting with motilal group in this month and there also consulted captial market firm to estimate their home finance sector and to calculate its value soon that might act as trigger ,
and coming to technicals you can see ascending triangle pattern ,there happened breakout and it retested and the bulk deal happened around 300 per share last week means 300 and below is a good or best price to accumulate if it comes there ,and there happened another bulk deal at 374 at its 52 week high last month , means imagine the value at big guys are buying it and estimating growth ,
based on nirmal jain interview he spoke the company roce for next 2-3 years would be 25-30% based on that stock eps can upto 44-66 eps per share which make stock value surge to 1200-3600 at max
for short term it may reach 400+ and for medium term 700+ and in long term 1200+---3000++ the growth potential in nbfc is so high and there is a lot of uncaptured market share
and currently stock is in asm(additional surveillance measure) level1 dropped from asm level 4 soon it will out of asm and may lead a rally , however qoq results is where we must concentrate if next quater results are good the stock might have a great rally
and only 9% shares are available to public so small equity also
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
now he is onto iifl finance where its eps are rising significantly qoq and last week there was a bulk deal where iifl group raised around 360 cr you can find the article in money control and later on they have meeting with motilal group in this month and there also consulted captial market firm to estimate their home finance sector and to calculate its value soon that might act as trigger ,
and coming to technicals you can see ascending triangle pattern ,there happened breakout and it retested and the bulk deal happened around 300 per share last week means 300 and below is a good or best price to accumulate if it comes there ,and there happened another bulk deal at 374 at its 52 week high last month , means imagine the value at big guys are buying it and estimating growth ,
based on nirmal jain interview he spoke the company roce for next 2-3 years would be 25-30% based on that stock eps can upto 44-66 eps per share which make stock value surge to 1200-3600 at max
for short term it may reach 400+ and for medium term 700+ and in long term 1200+---3000++ the growth potential in nbfc is so high and there is a lot of uncaptured market share
and currently stock is in asm(additional surveillance measure) level1 dropped from asm level 4 soon it will out of asm and may lead a rally , however qoq results is where we must concentrate if next quater results are good the stock might have a great rally
and only 9% shares are available to public so small equity also
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
Note
iifl finance also applied for banking license two times and got rejected this time i think they will go again and there are high chances that this time they may get itNote
interesting thing about iifl finance is they have loan book about 40,000 cr where for comparison for example lets take hdfc bank where theirs is12lakh cr where it went from 10 lakh cr which is 20% growth in an year , same for iifl they are growing aggressively and 40,000 cr may reach 80,000 in 3 years time,and 1.22 lakh cr in 5 years if they keep growth at 25% ,and another interesting thing is that they went for banking license two times and got rejected ,this time soon or later they even may get banking license ,this time even paytm like companies are also applying which are joke,, iifl applied two times this time also they may go and there is higi probability that they may getother players which may get and have potential of getting banking license are motilal oswal finance , bajaj finserv,
Note
once they applied for universal banking license and second time they applied for small finance banking license in past 5-8 yearsNote
this time they are trying to expand and establish around 750 branches if they do it ,there is high chance that they get banking license alsoNote
disclaimer - this info and comments i post are just my opinion and view and are for only educational purposes , not investment advice or call , trade at your own risk and i may also go wrongNote
iifl finance appointed arun purwar as chairman of its board effective from april 1-ref economic times
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.