SP Tulsian of sptulsian.com discusses with Latha Venkatesh, Anuj Singhal, and Sonia Shenoy his analysis on the Bandhan Bank listing.
These are crazy valuations. I do not think that this has any justification. It may succeed in listing at Rs 500, but this all ridiculous and I do not think that in the longer term these valuations will sustain. As an investor why should I look at to buy Bandhan Bank at Rs 500 when the other banks are available at a much cheaper valuations?, he said.
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