The company reported a strong all-around rebound. IHCL reported a strong performance for Q1FY23 EBITDA margin at 29.8 per cent, which was the second highest in the past decade,” said the brokerage.
Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South