On the contrary…I am expecting share price to be 4x-5x in 5 years…am I being over optimistic here…??
I would still like to believe management guidance of 13000 crores of profit in 5th year from now…
I expect number of shares to reach 900 crores by then…
So with 14.5 rs of EPS and a P/E of 25 (that valuation is easily possible for a bank growing it’s profits at 35%), share price can reach 350-360 level.
.
It is my kind of ‘conservative estimate’ xD
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