The floor price for the offer has been fixed at ₹1,000, which is 18% discount to Wednesday’s closing price of ₹1,228. At the floor price, the OFS could fetch ₹3,260 crore for the promoters.
However, we do believe in the short-term current valuations mean that investors have to set realistic return expectations or increase their time horizon for returns.
In October, focus on metals, infrastructure, and financial sectors. Hold Ceat, Vedanta, NALCO, Policybazaar, and IEX. Exit Easy Trip.
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