I have a basic question.
How NAV of IRB Invit is estimated as INR 98.32 when they are capable of giving only INR 8 as DPU ?
I mean 8/98.32 leads to 8% yield out of NAV. But generally for Invits, it must be 10-12% like in case of PGInvit (12/85 = 14%), Bharat Highways (12/114 = 10.5%), Indigrid (15/144 = 10.4%).
Even PGInvit’s NAV estimation looks conservative. It must be close to INR 100 so as to give 12% yield.
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