00:00We have a major update on IDFC First Bank, which is very important to discuss in the banking sector as
00:07well as the banking sector will also be confused.
00:12Gaurav Sir, you have to have 590 crore fraud.
00:16The government has told us the dealings to make IDFC First Bank.
00:21The latest update is that I am going to tell you.
00:23But 590 crore fraud, although the government has not been explained here.
00:30But when the cases come out, the news is goodwill and stock prices.
00:38Now, how are the stock looking at long term?
00:42So, first of all, I would like to say that our country is one of the best regulators.
00:51And, in the past few days, the banking sector has been maintained.
01:01Of course, there has been an incident in IDFC First Bank.
01:06And, I am sure, this will be very good to investigate.
01:11It will be seen in the past few days.
01:14It will be seen in the past few days.
01:17It will be seen in the past few days.
01:21It will be seen in the past few days.
01:28And, this will be decided to decide.
01:30Until I understand, the Indian banking sector is looking extremely good.
01:35And, isolated incidents are happening.
01:39This is not just in India.
01:42It happens with almost all banks across the world.
02:01And, I am very sure, it would be dealt in the right way by the regulator.
02:10So, we will wait and watch.
02:12Of course, there is a knee jerk reaction.
02:15The stock has crashed today.
02:18Yes.
02:18It is almost 16% down.
02:22Yeah.
02:23So, it is not a small amount.
02:26600 crores is not a small amount for a bank like IDFC.
02:31But, to paint the entire sector with the same brush, I don't think that would be a right
02:37way to say.
02:38In fact, the banking sector is very good.
02:40In fact, we are very positive on the entire financial space.
02:44Where the valuations also are not exaggerated.
02:49And, there are tailwinds coming across the board.
02:53The private sector has not performed in the entire process.
02:57And, there are large banks which have stuck in the last couple of years who have not done enough.
03:03And, there could be a movement that side going forward.
03:06So, we remain extremely optimistic on the overall banking space.
03:12Isolated incidents have happened.
03:14And, there are...
03:15It is also possible.
03:17Nobody can deny that the incidents are going to happen.
03:20But, more importantly, how the deal is going to happen.
03:22That is extremely important.
03:24And, we will wait and watch what happens in terms of investigation.
03:28Okay.
03:28We will keep a long-term wait-and-watch strategy.
03:30But, in short-term, sir,
03:36What do you want to do now?
03:41So, Anima, let us try to go to your technicals.
03:45Fundamentals to clear you from us.
03:48Sure.
03:49Okay, currently, of course,
03:52when we have a double stock
03:54below multiple support, of course,
03:56support takeover has been
03:57today's low here.
03:58It is 67.50
04:01support,
04:0266.80
04:04low.
04:05But of course,
04:06after accidents,
04:07we have to understand
04:08technicals here.
04:09We have a wait and watch
04:10because the stock already
04:11is a gap down.
04:12We have two hundred
04:13days moving average
04:14to be opening.
04:15And
04:16but the issues of the following days are important.
04:20Of course, the third time is the way to avoid
04:22which are already past.
04:24The low is the way to support the major structure
04:27and breakdown.
04:30If we look at the selling of course,
04:31we will see further selling.
04:34If we look at the time,
04:37then we will see what the procedure is.
04:40The major is the way to shift.
04:43Of course,
04:45if there is a fraud,
04:46then of course,
04:47it is important that
04:48the company side of the company
04:50will be updated
04:51and the business of the business
04:54will be important.
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