Devarsh Vakil has bet on Northern Arc, a fast-growing NBFC. Its strong technology, strict credit policy and low NPA can give it advantage in situations like interest rate cut and liquidity improvement. According to the lawyer, the valuation of the company is only 1.2x book value, which is quite cheap. The target price of this share has been kept at Rs 333, which can be achieved by next Diwali.
