When the Pre-provisioning profit is Equivalent to the Market Cap of a bank with a Huge and Credible Franchise. It will be unwise to Intellectualise on reasons to not buy it. Such opportunities come seldom and one must encash it. There are PSU banks which are trading at a Market Cap which are 1-1.4x Pre Provisioning Profit. Such is the Value!!! If last quarter was the worst of Corporate NPA cycle, FY23 me BV kya hoga Be ready for a change in definition of quality. 30 basis points rally in US 10 Y Yields and the United States Technology trade is really struggling. Just a gentle reminder that nothing is permanent and cycles change. Leaders of last decade will not be the leaders of this decade. I just try to declutter everything and share the big picture every week. Regards, KIRAN SHETH (WOLF OF INDIA). 2.0K views16:03
