The stock is trading close to the previous high it made in Dec 2021 and nil returns in last 20 months. I believe this price will act as support unless the whole market corrects
Valuation wise the Co is trading at 50-55x P/E (Management guidance of 145-150cr profit, which I believe they’ll revise upwards soon). The management has provided great details in Annual report and combined with the positive commentary shared by the Co in latest quarterly concalls, I believe they can grow at 30-35% Cagr until FY28.
So I belive the Co is fairly valued and can give 25%+ cagr returns for next 4 years (being on the conservative side)
Just wanted to share these few points for the benefit of everyone
Praveen
Disc: No reco. Holding the stock in PF
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