The market price of Reliance Retail never made sense to me. At the price of 2825 the market cap is ₹14,09,794.36 Cr with P/E of 304 while Reliance Industries is available at ₹ 17,81,790 Cr. market cap with 26.7 P/E. Holding company discount also doesn’t justify its valuation.
I would suggest you look into the valuation of Tata Technologies Ltd, it is valued at par with Tata Elxsi but it’s growth and profitability is not comparable to it. It is also more cyclical in nature and had burst of growth and high profitability just before ipo.
I have made the same mistake of buying Studds Accessories at high valuation. Unlisted companies rarely trade at low valuation and when they do, many options are available in the listed space.
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