Today also block deal happened but in CNBC interview management guiding something else, No further stake sale, FY24 GMV & PAT is going to double, they hinted that some aquasition is on card.
If they can meet the guidance then stock is trading at ~25 P/E multiples of FY24 earning.
I am still confident about business, hotel segment will run at break even in FY24 but once it’s pickup in FY25, it’s high margin segment as compared to air segment.
Please share your view also
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