Results today are still far below the highs seen in 2021 & 2022. Topline still struggling to pick up is a major worry.
MTM gains of 12 cr takes the valuation of investments alone at 425/share. God knows how long the company will keep carrying this without any productive use to business or to shareholders.
With EPS in the range of 60, fair value should be at least above 1000. Will hope to see the price crossing this in next 3 months, provided the broader market continues to remain sideways if not growing.
Certainly, neither a time for fresh entry nor for a hasty exit. Patience will be the key for those continue holding.
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