The naysayers belong to 2 categories, those jealousy group who missed to own at around $1 and those who want to buy at the lower prices.
If there is a category who really think FND has no prospects are similar to those who shorted Tesla in 2019!!!
Though there were some changes, such as FII selling, FY25 Q3 lacklustre earnings etc. the fundamentals of TSI still holds. The favourable AUD/INR exchange rate is a plus to AUS investors.
Despite those who have no sense about rural india talking about cash economy is dead, the ATM rollout by major banks are happening not because those bank CEOs are idiots, but there is cash demand!!! The currency in circulation stats from the RBI is also showing high single-digit growth.
FND Price at posting:
$4.28 Sentiment: Buy Disclosure: Held
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