Thank you for this insight Shiva. But in the IRB concall, they maintain guidance of Rs 8 for the year and also mentioned slight increase of cash from new HAM asset. If that’s the case the div yield before any taxes is as Kalyan mentions above i.e 12%. They have enough space for debt and the toll revenue would increase slightly over time. So why is it not good for invit price if the invit doesn’t take more assets in the near future? Is it cus there are other options out there that do it and therefore might actually provide a better yield? Sorry for the long question:smiling_face_with_tear:
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