Going forward, re-rating from current levels would be an outcome of ultimate credit loss which will be function of performance of perceivable stress pool which is currently at 21% (Stage 1+ 2). Conservatism stays as we maintain our tepid growth forecasts at 8/13% and credit costs estimates marginally higher to 2.5%/2.0/2.0% over FY22/23/FY24. Our earnings estimates stand intact. We reckon SHTF has higher potential to bounce back faster in light of used CV financing focus (90% of AUM) and Co.'s increased digital initiatives to build ecosystem for truck drivers and operators. Hence, we reiterate...