Book value has increased yet till money comes in… let take case of equity infusion of 1332 cr . Total capital would be 1400+1300 equal to 2700 cr and assuming ugro earns 300 cr pat in next 2 year . With no dividends total capital would be 3000 cr and with 15 cr share book value would be 200 per share. Now it is upto what multiple mkt give assuming 2.5 it would be 500 rs and if it get 4 like sbfc it would be 800 after 8 quarter
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