Good points …I agree due to dividend we must value gruh on pe basis . If it grows 25% i think PE of 25 is ok – which means on expected eps of about 7 for fy ended 31.03.2016 we get abount 175 levels.Post this time correction can happen and then should start discounting eps for the next year .
Now if we look at gruh on book basis at 8 p/b we get about 160 .
So 160-175 can be strong floor . If this does not happen then either time correction or strong break out about 320 to signal that something good is happening in this co which we do not fathom.
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