There are no uncertainties. They have a contract for next 28 years. Its just due to market perception, there is less demand even at 13.5% yield for FY25 & FY26 and 11% for next 5 years and even in the last 5 years, yield is as good as 6%. The interest rate will not be 8% in FY50 but may be <5%.
All stocks go through up cycle and down cycle in terms of share price irrespective of earnings. All PSUs went through down cycle between 2018 and 2021. Everyone was pessimistic but next 3 yrs had been phenomenal for those stocks.
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