After doing considerable research on Indian companies that are traded in US, I think this is one of the best stocks to hold for the next few years.
They are the fastest growing private bank in india and excellent customer service which has made it he No. 2 bank in India in a very short time. With the growing investments in India from Muti national companies, the middle class population is set to grow for a while to come. The growth rates are excellent and forward PE is just 12 and institutions are starting to accumulate(see 1 year chart) now also listed in IBD as new accumulation in the stock by mutual funds once it pops above $15 it may show up in the IBD 100 list. Valuations and technicals are very attractive for a growth company and still under the radar of many investors.
Good luck and do your own research before investing.
Yo are smart in investing and I could not agree more than your views. IBN is on fire and very few investors can see long horizon as you. IBN all time higher is in high 10s and once it is taken out than really it will explode.