considering consistent profits from now on , this year profits will come around 2k cr, at a P/E of 25 (which is reasonable if book grows at 25% cagr) valuation comes around 50k cr , share price of 75-80 comes as the intrinsic value of the stock. what is stopping markets from rerating?
one thing i feel is idfcb raising capital at cheap valuations which hurt the company fundamentally
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