- Total Income up 52% YOY and Net Profit up 129% YOY.
- Great all-round Bottom-line performance ie General Insurance, Life Insurance, Retail Finance, Investments segments have all shown excellent Growth YOY.
- Good Top-Line growth in all segments except for Life Insurance biz where the Topline declined due to the overhang of changing Regulatory environ and issues therefrom; however, the coming Quarters are expected to see the arrest of this Decline and subsequent Topline Growth.
Overall, very good numbers which bode well for the future as also the kicker possible from the speculated Banking License foray in the medium to long term.
This Blog reiterates a BUY ON DIPS strategy for this Scrip. Best Entry price range originally (on 7/9/2011) was called at 470-495; however one could start buying in at 520 levels and any declines thereafter.
ORIGINAL CALL DETAILS READ HERE
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