In the bull case scenario, it said that the stock can rally up to Rs 3,400 or 29 per cent from the current market price. However, lower-than-expected telecom ARPU or subscribers can lead to a valuation multiple de-rating.
Devang Shah expects more easing ahead as global uncertainty spurs disinflationary outlook
Our perspective is that yes, currency is somewhere an important variable which markets will be looking at, not only currency people will also look at