The demanded valuation also looks reasonable. However, the bank is involved in several legal proceedings including those filed by some of the existing investors regarding the offer for sale. The verdict is pending. This may be a major deterrent for risk-averse investors. Given these factors, the issue looks more suitable for investors with a higher risk appetite.
Cut the noise, back conviction: Madhusudan Kela on investing through volatility
Market veteran Madhusudan Kela advises investors to focus on wealth creation and ignore market noise, viewing volatility as an opportunity. He emphasizes the importance of