Hi,
I haven’t seen many spin offs. I had a question relating the same.
Observation. TTM P/E for Raymonds is 9, removing the 1000 Cr cash because of sale of biz. So roughly TTM PE should be 18-20. I was checking the Industry media PE for both Fashion brands and Realty cos. Both have a aprrox median PE of 30+ So ideally the valuation multiples of both separate entities would rise to industry median figures.
Does this re-rating happen usually post spin off or could happen before too?
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