What could be the potential triggers for a positive PE re-rating? Realisations per MMT has already improved a bit, right? How much more room is there to improve realistically?
More of the expansion plans seem to be in the step down subsidiary. Does this affect valuation in terms of a holding company discount?
With the size and geographical footprint of JK Lakshmi, would they be featuring favourably in the list of potential M&As for the big boys in town? Isn’t there a valuation arbitrage here that they can leverage?
| Subscribe To Our Free Newsletter |
