Considering the opportunity size and scope of penetration, the company has the potential to expand at a healthy pace over the next few years.
Volume growth was hit due to overall weakness and subdued customer sentiments in the auto sector led by rise in ownership costs because of mandatory long-term insurance and regulatory safety requirement.
On the asset quality front, slippages to non-performing assets (NPA) was contained at Rs 7,500 crore, which was encouraging
Even though volumes remained slightly under pressure, the latest NGT ruling favours the company
Brokerages remained positive on the stock and expect 17-36 percent potential upside despite cutting price target