For me, Findi is a high conviction stock, based on:The...

For me, Findi is a high conviction stock, based on:

1. The incredible growth of FII capital flows into India, especially into financial services companies
2. Indians save about USD800 billion annually and the equity participation, even after the incredible growth since Covid, is only about 7-8%. The domestic institutional investors (DIIs) are sustaining the BSE and NSE indices.
3. Most big-ticket future capital investments will be through private equity participation that will give a transparent valuation of the business periodically
4. India's Digital Public Infrastructure (DPI) components, such UPI, ONDC, Aadhaar ID etc. are working in unison to drastically cut business costs and at the same time improve business outputs
5. In the past, the Indian economy has not done justice to its potential and often been an under-performer. Now it is in the ascendency phase as in the case of the S-Curve adoption

Having said that my downside scenario is all related to personnel risks!!!