00:13Thank you very much.
00:31foreign
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01:07NBFCs, number of small finance bank, number of microfinance company,
01:11all of them are coming.
01:13And when the competition is growing,
01:15when the entry is growing,
01:17then the valuation is normalized.
01:20I have a big discomfort that I can find the price to book in three times.
01:28I don't understand it even if it is high-quality NBFC.
01:32But to create the valuation so much,
01:34then the wealth create is something which will be a big challenge.
01:38This is my business view of valuation standpoint.
01:43Having said that,
01:44I am going to go multi-factor model,
01:46so if the market is going to remain,
01:49then the valuation expand will be.
01:51The valuation expansion will be used to buy for the valuation.
01:54The valuation expansion will be used to buy for the value.
01:57The valuation expansion will be used to buy for the value.
01:59So what do you think about the valuation expansion?
02:02and the trend line breakout is 980 close, throwback towards 900 is possible, and because
02:15you have a higher low place, this is why 860 low is defined low, and the pattern says
02:22that the full 1100 test should be tested.
02:33foreign
02:36foreign
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02:41the price to book
02:42then it will be 5.5. So, this valuation is very long.
02:48I don't want to give you a very long time.
02:50Then it will be a correction.
02:54This is a financial issue for me.
02:57Just because the valuation is very high.
02:59Otherwise, very high quality NVFC leading.
03:02So, what does this mean?
03:08When you look at the value, you can also buy a car.
03:16When you look at the price, you can buy a price.
03:16It's not the price you buy a price.
03:21Now, when you see your price, you can buy a price.
03:25It's not the price you buy.
03:25It's just the price you buy.
03:32You can buy a price.
03:35I don't know if I'm going to move on to a range of price to move on to a high
03:42quality
03:42NVFC, so if I'm going to move on to a market, then the value of the value is higher quality.
03:50I think it's a range of 7,750 and 1100.
03:57This range is the value of the support of this range.
04:05That is also equally true, but my viewpoint is,
04:09this is a very expensive valuation and you need to leave for a long time.
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