If we go from BV side, then there is approx. 3% increase in last few quarters (except one outlier of 6.8% in Mar-23). Reverse merger will enhance it by 5% and QIP would probably offset it in equal weightage, so almost net zero impact from these two events. From that calculation as well, the BV goes to around 48-49 by Dec-24. Considering 3xBV, price again comes close to 150.
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