It’s an interesting point considering that both Exide and Amara have traded at the same multiples historically. Amara has just closed gap with its 10 years average multiple.
Considering duopoly structure of the market and not much difference on the other parameters between the two companies (quality and ambition of management, technology, execution ability, capital access etc), Amara should also trade at similar multiple to Exide. That means stock could hit 1500 in the near term.
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