We retain our BUY rating on the stock with a target price of Rs 1570/share, valuing the company at 8.5x of its FY23E EV/EBITDA implying an upside of 14% from CMP.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.