We are optimistic towards the company’s performance going ahead. We continue to value the company at 6.5x FY20E EV/EBITDA and maintain our Buy rating with a target price of Rs 151. At the current market price, the stock is trading at 4x FY20E EV/EBITDA. Global peers are trading at 5.5x FY20E EV/EBITDA, on an average
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