@Monisha It's a good buy at these levels
Considering it's valuations based on FY 23 Earnings is around 103 and on Adjusted Basis ( Removing ESOPs and One time Adjustment costs ) is around 62
I think a market leader in such sector deserves that PE . It would be really attractive if shares can be bought 8-10% below here
Par kya kare , Mehenga tha , mehenga he , aur mehenga hi milega
It can still fall 5-7% from here , then can add more
Can expect a level till 1150 in medium term
@Manikj It has already finalized lead managers
1 problem why it hasn't filed yet is its valuations
Promoters are expecting a Valuation of 15kcr whereas it's fair value is 12k cr
It may file or wait for some time
Some secondary Market Recos :
1.Cigniti Tech
2.Neuland Labs
3.Religare Enterprises
4.MTAR Tech
5.Share India Securities
6.Star Cement
7.Krsnaa Diagnostics
8.IRM Energy ( I have a target of 800 in medium term and I believe it is will be a billion dollar organization in next 3 yrs )
It is going to supply the requirements of BHEL in Namakkal area where BHEL has one of uts biggest manufacturing unit which can be started in Jan-Feb 24 which can give a revenue boost of 30-40 cr a quarter and Starting operations in Gir-Somnath this fiscal
And it's finance Cost is going to get halved )