Thanks @Mehnazfatima. My rough calculation comes to Rs 1500 as the target price. I am surprised that other than Nippon AMC, no other fund has invested in Tejas. I also notice that Tejas is not meeting investors or analysts in between the quarterly results. An aggressive company would have shared with the investors their share of the BSNL order and that would have created a lot of buzz in the market. In the absence of such outreach to investors, it has still not got the fancy of the investors. I expect that once the Q1 FY 24 results are out, investors will flock to this company.
Disc: Largest holding
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