I think one has to be a bit conservative in making assumptions and take management’s guidance with a pinch of salt. I work with an eps estimate of 22-23 based on which current price of 660 odd is fair price. With bouts of pessimism and optimism, it will swing above and below this price unless something meaningful comes out in q3 q4 results.
Till that time I expect the stock to remain sideways within a range of 50-60 Rs plus or minus the fair current price.
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