I have shorted based on fundamental view. For those interested in fundamentals, read below:
Pathetic results. See a correction of 8-10 percent at least and stock price going back to 280 around . Every quarter management comes up with some reason for their dismal performance.
Give me a reason why this should trade at 4 times ABV when you can get other performing NBFCs at less than 3 times?
Dividend has been reduced from 4 rupees to 2.4. Retail shareholders are not going to take this easy.
All in all a major miss and de-growth from last FY. GNPA increased this FY from 8 to 9%. NII growth in single digits. Better stocks at better valuations are available.
Would you also mind how the stock would react based on current futures/options OI positions?
At the sametime, there are zillion profitable ways to trade the market. I hope you got that & I respect every view that makes sense be it F&O OI or funda;s
Disclosure for community: I hold short positions.