Yup, but that isn’t how it always works. Let’s see how the market likes it—adjusted or non-adjusted in the coming days. For now, there are multiple factors to consider before we completely eliminate the other income and don’t forget that the median PE i mentioned is also other income adjusted…what did the other income do? Made the company net debt-free 2 years before anticipated, cut free from the FMCG business which was anyway anchoring things down. I understand that this isn’t a high-speed grower any more reason why it always trades at a discount but this discount is a little too much as per my understanding when companies like Vedant Fashions, Trent etc… trade at a PE of 80,178 then a PE of 7(20) is a little too low for a business with a recall value like Raymond and an amazingly well doing real estate business.
The stock was anyways in an upmove setting new highs before all this mess happened. let’s see how things roll…
Disclosure - Now Invested
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