Thanks mate. I had started building quantity & sold it. Twice. As both the times, I wasn’t sure of value, as growth is lumpy & the stock had run up much ahead of fundamentals was what I thought. Also, the second time Coal India business went away. Not sure if we can model this business with much confidence even though it has come down significantly. Because we can’t forecast EPS over the next 2-3 years with much confidence, it becomes useless to look at TTM PE. No doubt the opportunity is huge but even the competition is coming quicker & exponentially. Management talks on too many things too vaguely. Sometimes they talk about inorganic growth without much clarity, sometimes they talk about datacentre business without any focus. A platform business, e-commerce, great balance sheet, cash rich. But how to look at future growth is the question & depending on that how to value?
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