2x Multibagger with Holding period of 1.5 to 2 year

Opinion
Upside 100% Target price of 280+ with Holding period of 1.5 to 2 year

Buying Range
Buy when stock price close above 133 and again close recent high in subsequent day

Basis of Opinion
# Reason for Fall from Rs. 280 to Rs. 26.20
1. Fraud in the Dewan Housing Finance Corporation Ltd (DHFL) account and Nirav Modi case and Bhushan Power & Steel Ltd
2. Bad results consistently till 2021
3. Market conditions during Covid-19
4. Government reducing stakes from company

# Reason for rise
1. RBI increased focus on banking sector
2. Consistent improve results after Dec 2020 and All time high quarterly/TTM results from 2012.
3. Improved in Quarterly NP%
4. Stable ownership by GOI
4. increase in FIIs and reduction in Public Holding
5. Reduced NPA %

Extras
1. Previously 2 times stock price has grown 1.5 - 2 times in 15 to 20 months (Low to High)
2. 50%+ upside if touched previous high (Rs. 202)