Agree. But market are extremely short term focused right now, particularly so when the performance falls. It then tries to assess by when reversal will happen.
All the new business and even the new BOPET line will take time to show results. Today people are extremely wary of uncertain future cash flows and literally discount it to zero, as opposed to bull markets when mere announcements are sufficient …
I may for one believe, if zigly is done right than that itself will be worth the current market cap of Cosmo in 4-5 years (At 500 crore revenue, 4x time sales = 2000 crore – this wasn’t unheard of in 2021). Reality – today even the cash flows of its film business is undervalued and cosmo is available 0.65 times sale.
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