The management strategy of expanding across various formats, expanding its food delivery, TajSATS. So, I think strategically they are doing very well and now the big focus only on managed hotels is working well for them. Stock is not cheap at these valuations at all.
PTC shares soar nearly 34% after Schneider Electric agrees to $22.6 billion buyout
In a strategic move, Schneider Electric has agreed to acquire PTC for $22.6 billion in cash. The acquisition reflects ongoing shifts in the software industry