This is largest holding in my portfolio as of now, Ashish Dixit is a real disappointment here, just playing on demerger to see what value market will give to demerged entities. 9000 cr topline and 19% margin gives EBIDTA of 1700 cr for ABLBL, with conservative EV/EBIDTA of 20-25, it many list between 340- 400, ABFRL don’t know what price market will give with pathetic balance sheet, still hoping combined valuation of 500 before of after merger by Jan 25.
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