Whalesbook
CEO ko Bail, Stock mein Toofani Tezi!
Jab market mein khabar phaili ki Fino Payments Bank ke CEO Rishi Gupta ko March 26 ko bail mil gayi hai, toh share price mein toh jaise aag lag gayi! Stock 9.99% yani lagbhag 10% badh kar ₹123.70 par pahunch gaya. Investors ko relief mila ki bank ke top boss ab custody mein nahi hain, jisse legal uncertainty ka dar kam hua.
DGGI Ki Jaanch Aur ₹3,000 Crore Ka Mamla
Par bhai, yeh toh bas ek side ki story hai. Asli drama toh abhi bhi chal raha hai. Directorate General of GST Intelligence (DGGI) ek badi jaanch kar raha hai. Ye jaanch third-party programme managers ke aas paas ghoom rahi hai, jismein lagta hai ki GST evasion aur shady transactions ka mamla hai. Aur pata hai kitna paisa? ₹3,000 crore tak ka amount in entities se pass hua hai. Investigators ko 'dummy firms' aur 'shell companies' bhi mili hain.
Fino Payments Bank ka kehna hai ki yeh jaanch unke apne GST filings ko lekar nahi hai, balki business partners ya programme managers ko lekar hai jo alag alag financial institutions se jude hain, Fino khud bhi ismein shamil hai. Bank poori tarah se cooperate kar rahi hai, par bhai, aise mamlon mein association bhi risk la sakta hai.
Business Achha Chal Raha Hai, Par...
Chalo kuch achhi baatein bhi sun lo. Fino Payments Bank ne bataya hai ki unke paas deposits ₹2,900 crore ka record high pahunch gaya hai. Aur lending business bhi zabardast chal raha hai, Q4 mein ₹540 crore aur poore saal mein ₹1,300 crore ke kareeb disbursement ki ummeed hai. Bank toh SFB (Small Finance Bank) banne ki race mein bhi hai.
Lekin yeh sab numbers thode mixed hain. Q3 mein revenue toh badha, par net profit gir gaya. Aur valuation ki baat karein toh Fino ka P/E ratio 14.72x se 16.81x ke beech hai, jo industry average 11.6x se zyada hai. Share ka performance bhi pichhle saal market se kaafi piche raha hai.
Governance Concerns Ab Bhi Hain
CEO ko bail mil gayi, achhi baat hai. Lekin yeh jo 'dummy firms' aur 'shell companies' ka angle hai na, yeh Fino ke internal controls aur governance par bade sawaal khade karta hai. India mein payment banks par already regulators ki nazar hai, aur Fino ke liye yeh jaanch serious fines ya operational limits ka risk la sakti hai.
Analysts Kya Kehte Hain?
Analysts abhi bhi Fino par cautiously optimistic hain. Majority 'Buy' rating de rahe hain aur price target ₹300 se ₹350 tak ka de rahe hain, kuch toh ₹390 bhi bol rahe hain. Lekin yeh sab tabhi hoga jab Fino yeh jaanch theek se nikal le aur regulatory issues solve kar le.