Thanks, @Lajja_Shah for providing this interesting excel. I don’t think the market will give a company like Indus tower a P/E of 57 considering the issue of Vodafone which is a big overhang on the stock with no visibility.
Moreover, it’s signing the contract with Airtel at a lower rate in comparison to last year, and Airtel not showing a growth of towers in the medium term, which can be quite negative for the stock.
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