I started re-evaluating Sarda Energy after Abakkus Fund increased their holding marginally. Even though the percentage is relatively small it shows conviction of a fund manager to do so.
Coming to the current valuations of Sarda and GPIL, Sarda currently trades at 3.9 EV/EBITDA and GPIL trades at 3.7 EV/EBIDTA. So GPIL has certainly caught up.
So with recent capex of Sarda going live where do you the competition heading?
Also since you have tracked GPIL closely, could you please explain the reason behind drastic drop in fixed asset of GPIL during 21-22 period.
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