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IndoStar Capital Finance: Revenue may grow 40% annually during FY18-20

Morgan Stanley (MS), in a report this week, estimates IndoStar's share of retail AUM to double to 52% by FY20

IndoStar Capital Finance: Revenue may grow 40% annually during FY18-20
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Shreepad S Aute
The stock of IndoStar Capital Finance, a non-banking finance company (NBFC), has lost 13 per cent since its listing last month as the market is worried that rising interest rates will affect margins of NBFCs, which typically borrow from banks and through instruments like debentures. This, along with subdued market sentiment, has pulled down IndoStar’s valuation (1.3 times of its FY20 estimated book value) to a level where it is now among the cheapest NBFC stocks. While there are reasons for this, analysts believe the equation will turn favourable, given the changing business mix, good management and track record, and

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First Published: Jun 29 2018 | 6:30 AM IST

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