You can’t value it on simple parameter like P/E as earning has many components.
1.Operating business includes broking and capital markets + Asset and wealth management + Housing Finance.
2.Valuation of these components vary between 10-40 times earning.
3.They also have 7000Cr which is invested in Equity + PE… on which they book MTM gains/loss… T
this should be valued at book at max.
Invested
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