@praveengowdadm
With 4000+ Cr net cash on book, a 8000 Cr enterprise value for a company that generates EBITDA of 2400 Cr, trades at 3.3XEV/EBITDA. Inspite of political background, the Mgmt has been ethical in sharing profit with minority shareholders for the past 15 yrs consistently.
I think 7X EV/EBITDA is nominal valuation and 26000Cr mkt cap looks fair value.
Can you please elaborate on why you feel the stock is not cheap ?
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