RE:Why IIFL (and Fairfax India) sold offILFS was kind of nationalized to avoid lehman like moment....
https://economictimes.indiatimes.com/industry/banking/finance/banking/ilfs-india-dodges-a-lehman-moment-that-was-the-easy-part/articleshow/66040111.cms
the entire sector - not just NBFC but the banking sector was hit badly.............
Indian banks too are having issues with NPA..... HDFC bank ( = JP morgan like bank of India) - was down from $109 to $86 and pulled back to $90.....that is a big drop for a rock solid bank.....
FIH - dont worry about the share price -- reason is simple:
a) bangalore airport ( terrific growth )
b) Catholic syrian bank ( Potential to grow 20%)
c) National collateral ( if FCI godown is privatized and they can grab the pie - this is enormous potential......you will be shocked to know the value that will be unlocked)
https://www.firstpost.com/economy/food-corp-is-a-rs-75000-cr-problem-five-areas-that-needs-urgent-govt-attention-1985847.html
Until general elections in India is over - I think it is scheduled for next year april- dont expect any price movement on FIH....
Indian stock market = very high correlation with elections ( that is normal in that part of the world)
India is growing at 7% plus so just relax.....I am lonng FIH in RRSP and i have a horizon of atleast 20 years + on it....... I am planning to add more if it goes down further....