Considering FY22 earnings, the company demands a price-earnings (P/E) multiple of 105. It has no listed peers. Given the size of its operations, valuation appears to be steep though skewed by a sharp fall in the profit due to the pandemic. Considering the pre-pandemic profit level, the P/E works out to be around 55.
RIL, HUL among top 10 trading ideas by experts for today
Indian markets may consolidate on Tuesday following mixed global cues. The Sensex gained over 300 points with Nifty50 closing just below 18600 levels. India VIX
May 30, 2023