Can't say specific about the company, but in general, never try to average. My personal experience says we try to avg companies which are falling from cliff.
If you want to buy this stock, buy when it's going up. Never try to catch a falling knife.
India's fiscal deficit in the three months ending in June stood at Rs 4.32 trillion ($62.80 billion), or 61.4% of the budgeted target for the current fiscal year, government data showed on Wednesday.
Net tax receipts in the first three months of the fiscal year were Rs 2.51 trillion, while total expenditure was Rs 7.22 trillion, government data showed.
The government has set a fiscal deficit target of 3.4% for 2019/20, same as 2018/19.
NPA's in mudra loans' would be next big crisis. Govt was hell bent on getting 59min approval for businesses. Rajan had warned about this in 2018 to Loksabha Committee.
Moreover, number of NPA accounts under the scheme from 17.99 lakh on March 31, 2018 to 28.83 lakh as on December 31, 2018.
And by July 2019, 2% of total loans sectioned till date are already reported as NPA.
@Riskyman here is your answer of question - Why banks are surviving so long when corporate are going down
From the article shared by Timepass above -
Equipped with consumer credit behaviour data and an aversion to corporate lending, banks piled up on retail loans as the last resort to show growth. Mortgages, auto loans, personal loans for pleasure trips abroad and loans for durables gained traction in the past five years. Some of them even doubled their portfolio of such loans and the nimble nonbanking finance companies took advantage of easy availability of funds to build the book.
Looks like the FIIs will be back in India, now that US government is giving less interest. Maybe it is good for us despite the declaration of "global slowdown" by USA.
Explained: Significance of US Federal Reserves rate cut and its impact on India