C&H / RB Pattern: Yearly Basis Price BreakOut. Good to Go!!! Continued Vol. BuiltUp.
*With Upside, Trail SL* *Book Profit as per Risk Appetite*
*Snapshot:* Estab. in 1986: A GOI owned NBFC to finance Power Sector. GOI hold 56% stake. Increasing FII/DII stake since Sep’22. Also owns 53% stake in REC Ltd. Improved RoA/RoE/RoCE for FY22 vs. FY21. Manageable ALM. High Dividend Yield Stock. Past 1 Yr: Resolved 5 Stressed Assets = Rs.59.6bn. Improved GNPAs / NPAs: 4.2% / 1.2%. CAR / Tier I CAR: 24.41% / 21.34% (Dec’22) O/s loan book Exposure: Rs.3933 Bn (Dec’22).
*Concern:* Major concentration: Power sector. Higher haircut with delayed resolution. Slower than anticipated demand pick-up in project financing.
*Do Your Own Research as Well. This is Just an Opinion.* Happy Investing :)
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