Bandhan Bank listing: Do not expect valuations to sustain in the long term, says SP Tulsian

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.