ADDED MORE HIMTEK AGGRESSIVELY
DONT MISS TO ADD. PERSONALLY ADDED 4K HIMTEK AT AVG OF 136.22
DONT MISS TO ADD. PERSONALLY ADDED 4K HIMTEK AT AVG OF 136.22
Market Wizard
ADDED PATELSAI AT 229.05 - 231.45 - 232 - 232.5
ADDED PATELSAI AT 225.5 - 226
Market Wizard
Techno Funda Short Term Call Buy HIMTEK (BSE - 505712) at CMP of 133 - 135 and dips till 125 Sl 117 Targets:- 140 - 143 - 147 - 151 - 155 - 160+ Above that we can see 170 - 180+ Disclaimer:- I am not SEBI Registered. Please consult your financial advisor…
Screenshot of 4k Himtek Buying. Don't miss guys. ✈️✈️✈️
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*Caplin Point Laboratories Ltd.* | *CMP* Rs. 882 | *M Cap* Rs. 6672 Cr | *52 W H/L* 1035/391
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 300.4 Cr (7.8% QoQ, 25.1% YoY) vs QoQ Rs. 278.7 Cr, YoY Rs. 240.1 Cr
EBIDTA came at Rs. 92.6 Cr (8.1% QoQ, 29.3% YoY) vs QoQ Rs. 85.7 Cr, YoY Rs. 71.6 Cr
EBITDA Margin came at 30.8% vs QoQ 30.7%, YoY 29.8%
Adj. PAT came at Rs. 70.9 Cr vs QoQ Rs. 66.4 Cr, YoY Rs. 54.5 Cr
Quarter EPS is Rs. 9.4
Share is trading at P/E of 22.2x FY22E EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 300.4 Cr (7.8% QoQ, 25.1% YoY) vs QoQ Rs. 278.7 Cr, YoY Rs. 240.1 Cr
EBIDTA came at Rs. 92.6 Cr (8.1% QoQ, 29.3% YoY) vs QoQ Rs. 85.7 Cr, YoY Rs. 71.6 Cr
EBITDA Margin came at 30.8% vs QoQ 30.7%, YoY 29.8%
Adj. PAT came at Rs. 70.9 Cr vs QoQ Rs. 66.4 Cr, YoY Rs. 54.5 Cr
Quarter EPS is Rs. 9.4
Share is trading at P/E of 22.2x FY22E EPS
*Cera Sanitaryware Ltd.* | *CMP* Rs. 4524 | *M Cap* Rs. 5884 Cr | *52 W H/L* 4895/2100
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 228.2 Cr (-47.9% QoQ, 56.3% YoY) vs expectation of Rs. 281.9 Cr, QoQ Rs. 438.4 Cr, YoY Rs. 146 Cr
EBIDTA came at Rs. 20.8 Cr (-70.3% QoQ, 450.3% YoY) vs expectation of Rs. 35.9 Cr, QoQ Rs. 70.1 Cr, YoY Rs. 3.8 Cr
EBITDA Margin came at 9.1% vs expectation of 12.7%, QoQ 16%, YoY 2.6%
Adj. PAT came at Rs. 12.2 Cr vs expectation of Rs. 22.4 Cr, QoQ Rs. 45.8 Cr, YoY Rs. 0.5 Cr
Quarter EPS is Rs. 9.4
Share is trading at P/E of 39.8x FY22E EPS
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 228.2 Cr (-47.9% QoQ, 56.3% YoY) vs expectation of Rs. 281.9 Cr, QoQ Rs. 438.4 Cr, YoY Rs. 146 Cr
EBIDTA came at Rs. 20.8 Cr (-70.3% QoQ, 450.3% YoY) vs expectation of Rs. 35.9 Cr, QoQ Rs. 70.1 Cr, YoY Rs. 3.8 Cr
EBITDA Margin came at 9.1% vs expectation of 12.7%, QoQ 16%, YoY 2.6%
Adj. PAT came at Rs. 12.2 Cr vs expectation of Rs. 22.4 Cr, QoQ Rs. 45.8 Cr, YoY Rs. 0.5 Cr
Quarter EPS is Rs. 9.4
Share is trading at P/E of 39.8x FY22E EPS
*Ipca Laboratories Ltd.* | *CMP* Rs. 2065 | *M Cap* Rs. 26195 Cr | *52 W H/L* 2460/1715
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 1565.8 Cr (40.5% QoQ, 2% YoY) vs expectation of Rs. 1387.8 Cr, QoQ Rs. 1114.7 Cr, YoY Rs. 1534.4 Cr
EBIDTA came at Rs. 416.5 Cr (82% QoQ, -29.2% YoY) vs expectation of Rs. 353.4 Cr, QoQ Rs. 228.9 Cr, YoY Rs. 588.3 Cr
EBITDA Margin came at 26.6% vs expectation of 25.5%, QoQ 20.5%, YoY 38.3%
Adj. PAT came at Rs. 306.7 Cr vs expectation of Rs. 253.4 Cr, QoQ Rs. 161.3 Cr, YoY Rs. 446.1 Cr
Quarter EPS is Rs. 24.2
Share is trading at P/E of 23.7x FY22E EPS
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 1565.8 Cr (40.5% QoQ, 2% YoY) vs expectation of Rs. 1387.8 Cr, QoQ Rs. 1114.7 Cr, YoY Rs. 1534.4 Cr
EBIDTA came at Rs. 416.5 Cr (82% QoQ, -29.2% YoY) vs expectation of Rs. 353.4 Cr, QoQ Rs. 228.9 Cr, YoY Rs. 588.3 Cr
EBITDA Margin came at 26.6% vs expectation of 25.5%, QoQ 20.5%, YoY 38.3%
Adj. PAT came at Rs. 306.7 Cr vs expectation of Rs. 253.4 Cr, QoQ Rs. 161.3 Cr, YoY Rs. 446.1 Cr
Quarter EPS is Rs. 24.2
Share is trading at P/E of 23.7x FY22E EPS
Sonata Software
(Nirmal Bang Retail Research )
*Outlook – Positive*
• Q2 company will have Acquisition impact
• International IT services Revenue for the quarter came at $44.5 mn (+1.1% QoQ, 21.9% YoY). Ebitda margin excl forex came at 21.3% vs QoQ 22.4% .With demand promising Management guides of growing this vertical to grow by 3- 4 % QoQ on organic basis going ahead
• Domestic business revenue for the quarter came at Rs 324 cr(+1.5% QoQ, +25.5% YoY). Ebitda margin came at 25% vs QoQ 26%. Management indicates of growing absoulte EBitda on domestic business by 4-5%. Revenue growth is expected to inline with EBitda growth
• Supply side headwind with covid and falling sick not able to do work led to attrition higher then normal . Supply side issue management is addressing this issue and is expected to improve in in comig qtrs.
• Demand looks robust better for next 2 qtrs
• On vertical front , Travel vertical grew by 2.1% QoQ. Looking at Deal flow from travel vertical, this verticals looks promising
• Employees for the qtr stood at 4250
• Share is trading at 20.9x FY23E EPS
(Nirmal Bang Retail Research )
*Outlook – Positive*
• Q2 company will have Acquisition impact
• International IT services Revenue for the quarter came at $44.5 mn (+1.1% QoQ, 21.9% YoY). Ebitda margin excl forex came at 21.3% vs QoQ 22.4% .With demand promising Management guides of growing this vertical to grow by 3- 4 % QoQ on organic basis going ahead
• Domestic business revenue for the quarter came at Rs 324 cr(+1.5% QoQ, +25.5% YoY). Ebitda margin came at 25% vs QoQ 26%. Management indicates of growing absoulte EBitda on domestic business by 4-5%. Revenue growth is expected to inline with EBitda growth
• Supply side headwind with covid and falling sick not able to do work led to attrition higher then normal . Supply side issue management is addressing this issue and is expected to improve in in comig qtrs.
• Demand looks robust better for next 2 qtrs
• On vertical front , Travel vertical grew by 2.1% QoQ. Looking at Deal flow from travel vertical, this verticals looks promising
• Employees for the qtr stood at 4250
• Share is trading at 20.9x FY23E EPS
Dear All,
Nirmal Bang is inviting you to a Zoom webinar.
When: Aug 6, 2021 08:45 AM India
Topic: Morning Market Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_rfgcW3nuTKyfuzR0qAphOw
After registering, you will receive a confirmation email containing information about joining the webinar.
Nirmal Bang is inviting you to a Zoom webinar.
When: Aug 6, 2021 08:45 AM India
Topic: Morning Market Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_rfgcW3nuTKyfuzR0qAphOw
After registering, you will receive a confirmation email containing information about joining the webinar.
Zoom Video Communications
Welcome! You are invited to join a webinar: Morning Market Update. After registering, you will receive a confirmation email about…
*Hikal Ltd.* | *CMP* Rs. 541 | *M Cap* Rs. 6671 Cr | *52 W H/L* 573/130
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 456.8 Cr (-14.2% QoQ, 29.5% YoY) vs QoQ Rs. 532.5 Cr, YoY Rs. 352.8 Cr
EBIDTA came at Rs. 95.8 Cr (-12.4% QoQ, 82.3% YoY) vs QoQ Rs. 109.3 Cr, YoY Rs. 52.5 Cr
EBITDA Margin came at 21% vs QoQ 20.5%, YoY 14.9%
Adj. PAT came at Rs. 50.5 Cr vs QoQ Rs. 50.9 Cr, YoY Rs. 15 Cr
Quarter EPS is Rs. 4.1
Share is trading at P/E of 33.1x FY22E EPS
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 456.8 Cr (-14.2% QoQ, 29.5% YoY) vs QoQ Rs. 532.5 Cr, YoY Rs. 352.8 Cr
EBIDTA came at Rs. 95.8 Cr (-12.4% QoQ, 82.3% YoY) vs QoQ Rs. 109.3 Cr, YoY Rs. 52.5 Cr
EBITDA Margin came at 21% vs QoQ 20.5%, YoY 14.9%
Adj. PAT came at Rs. 50.5 Cr vs QoQ Rs. 50.9 Cr, YoY Rs. 15 Cr
Quarter EPS is Rs. 4.1
Share is trading at P/E of 33.1x FY22E EPS
*gold and silverlver view*
*gold and silver are steady with prices trading slightly lower as investors weighed hawkish comments from federal reserve vice chairman richard clarida ahead of a key u.s. jobs report. gold may face resistance at higher levels and sell on rise in the intra-day trading is advisable.*
*today evening we have unemployment claims expected at 382 k and previous reading was 400 k; anything lower than 382 k will be negative for precious metals.*
the u.s. central bank is on course to pull back on the massive support it’s providing to the virus-damaged economy, and will start paring bond purchases later this year and then lift interest rates in 2023, clarida said.
the “necessary conditions for raising the target range for the federal funds rate will have been met by year-end 2022,” he said wednesday as he painted an upbeat picture while acknowledging the risk posed by delta.
*the highly infectious strain of covid-19 has driven a surge in global cases in the last few months, puncturing the narrative of a rapid global recovery from the pandemic.*
all eyes are on an outbreak in china, which has already seen major banks downgrade growth forecasts for the third and fourth quarters.
bullion has traded near $1,800 an ounce over the last few weeks as the drop in real yields counters concerns that the u.s. central bank could soon start to scale back its stimulus program.
*while clarida’s comments outlined a timeline for tightening, traders will still look to friday’s employment data for more clues on the fed’s monetary policy path.*
*dallas president robert kaplan called for a gradual reduction in bond buying soon as long as there’s progress in jobs numbers, while san francisco president mary daly said tapering may start this year or early 2022.*
*gold and silver are steady with prices trading slightly lower as investors weighed hawkish comments from federal reserve vice chairman richard clarida ahead of a key u.s. jobs report. gold may face resistance at higher levels and sell on rise in the intra-day trading is advisable.*
*today evening we have unemployment claims expected at 382 k and previous reading was 400 k; anything lower than 382 k will be negative for precious metals.*
the u.s. central bank is on course to pull back on the massive support it’s providing to the virus-damaged economy, and will start paring bond purchases later this year and then lift interest rates in 2023, clarida said.
the “necessary conditions for raising the target range for the federal funds rate will have been met by year-end 2022,” he said wednesday as he painted an upbeat picture while acknowledging the risk posed by delta.
*the highly infectious strain of covid-19 has driven a surge in global cases in the last few months, puncturing the narrative of a rapid global recovery from the pandemic.*
all eyes are on an outbreak in china, which has already seen major banks downgrade growth forecasts for the third and fourth quarters.
bullion has traded near $1,800 an ounce over the last few weeks as the drop in real yields counters concerns that the u.s. central bank could soon start to scale back its stimulus program.
*while clarida’s comments outlined a timeline for tightening, traders will still look to friday’s employment data for more clues on the fed’s monetary policy path.*
*dallas president robert kaplan called for a gradual reduction in bond buying soon as long as there’s progress in jobs numbers, while san francisco president mary daly said tapering may start this year or early 2022.*
*indian gold import scenario*
gold imports by india jumped to the highest in three months in july as economic activity picked up after a deadly coronavirus wave abated, and prices in the second-biggest consumer softened.
*inbound shipments surged 71% from a year earlier to 43.6 tons last month*, according to a person familiar with the data, who asked not to be identified as the information isn’t public.
*that’s the biggest inflow since 70.3 tons in april.*
indian states have slowly removed many restrictions on businesses and the movement of people as virus cases receded after peaking in may.
the increased footfalls at stores and a nearly 5% fall in local prices this year has also revived sales.
*india’s gold demand is expected to be stronger in the second half of 2021 compared with the prior six months due to softer prices and more occasions such as festivals and weddings,* when jewelry is traditionally bought, p.r. somasundaram, regional chief executive officer for india at the world gold council, said last week.
gold imports by india jumped to the highest in three months in july as economic activity picked up after a deadly coronavirus wave abated, and prices in the second-biggest consumer softened.
*inbound shipments surged 71% from a year earlier to 43.6 tons last month*, according to a person familiar with the data, who asked not to be identified as the information isn’t public.
*that’s the biggest inflow since 70.3 tons in april.*
indian states have slowly removed many restrictions on businesses and the movement of people as virus cases receded after peaking in may.
the increased footfalls at stores and a nearly 5% fall in local prices this year has also revived sales.
*india’s gold demand is expected to be stronger in the second half of 2021 compared with the prior six months due to softer prices and more occasions such as festivals and weddings,* when jewelry is traditionally bought, p.r. somasundaram, regional chief executive officer for india at the world gold council, said last week.
*Escorts Ltd.* | *CMP* Rs. 1230 | *M Cap* Rs. 16800 Cr | *52 W H/L* 1465/1075
(Nirmal Bang Retail Research)
No. of Vehicles Sold 25935 vs QoQ 32588,YoY 18150
*Result marginally ahead of Expectation*
Revenue from Operations came at Rs. 1671.5 Cr (-24.4% QoQ, 57.4% YoY) vs expectation of Rs. 1623.6 Cr, QoQ Rs. 2210.5 Cr, YoY Rs. 1061.6 Cr
EBIDTA came at Rs. 233.2 Cr (-32.3% QoQ, 95% YoY) vs expectation of Rs. 208.3 Cr, QoQ Rs. 344.7 Cr, YoY Rs. 119.6 Cr
EBITDA Margin came at 14% vs expectation of 12.8%, QoQ 15.6%, YoY 11.3%
Adj. PAT came at Rs. 185.2 Cr vs expectation of Rs. 169.8 Cr, QoQ Rs. 271.3 Cr, YoY Rs. 92.2 Cr
Quarter EPS is Rs. 13.7
Share is trading at P/E of 15.1x FY22E EPS
(Nirmal Bang Retail Research)
No. of Vehicles Sold 25935 vs QoQ 32588,YoY 18150
*Result marginally ahead of Expectation*
Revenue from Operations came at Rs. 1671.5 Cr (-24.4% QoQ, 57.4% YoY) vs expectation of Rs. 1623.6 Cr, QoQ Rs. 2210.5 Cr, YoY Rs. 1061.6 Cr
EBIDTA came at Rs. 233.2 Cr (-32.3% QoQ, 95% YoY) vs expectation of Rs. 208.3 Cr, QoQ Rs. 344.7 Cr, YoY Rs. 119.6 Cr
EBITDA Margin came at 14% vs expectation of 12.8%, QoQ 15.6%, YoY 11.3%
Adj. PAT came at Rs. 185.2 Cr vs expectation of Rs. 169.8 Cr, QoQ Rs. 271.3 Cr, YoY Rs. 92.2 Cr
Quarter EPS is Rs. 13.7
Share is trading at P/E of 15.1x FY22E EPS
*Johnson Controls - Hitachi Air Conditioning India Ltd.* | *CMP* Rs. 2290 | *M Cap* Rs. 6228 Cr | *52 W H/L* 2940/1980
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 492 Cr (-15.1% QoQ, 82.5% YoY) vs QoQ Rs. 579.4 Cr, YoY Rs. 269.6 Cr
EBIDTA came at Rs. 4.7 Cr (-93.9% QoQ, -121.4% YoY) vs QoQ Rs. 77.4 Cr, YoY Rs. -22.1 Cr
EBITDA Margin came at 1% vs QoQ 13.4%, YoY -8.2%
Adj. PAT came at Rs. -10.9 Cr vs QoQ Rs. 44.4 Cr, YoY Rs. -30.2 Cr
Quarter EPS is Rs. -4
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 492 Cr (-15.1% QoQ, 82.5% YoY) vs QoQ Rs. 579.4 Cr, YoY Rs. 269.6 Cr
EBIDTA came at Rs. 4.7 Cr (-93.9% QoQ, -121.4% YoY) vs QoQ Rs. 77.4 Cr, YoY Rs. -22.1 Cr
EBITDA Margin came at 1% vs QoQ 13.4%, YoY -8.2%
Adj. PAT came at Rs. -10.9 Cr vs QoQ Rs. 44.4 Cr, YoY Rs. -30.2 Cr
Quarter EPS is Rs. -4
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*Gail (India) Ltd.* | *CMP* Rs. 144 | *M Cap* Rs. 63942 Cr | *52 W H/L* 170/81
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 17383.9 Cr (11.8% QoQ, 43.8% YoY) vs expectation of Rs. 16189.1 Cr, QoQ Rs. 15546.2 Cr, YoY Rs. 12086.9 Cr
EBIDTA came at Rs. 2411.3 Cr (-6% QoQ, 287.3% YoY) vs expectation of Rs. 2585 Cr, QoQ Rs. 2564.8 Cr, YoY Rs. 622.6 Cr
EBITDA Margin came at 13.9% vs expectation of 16%, QoQ 16.5%, YoY 5.2%
Adj. PAT came at Rs. 1529.9 Cr vs expectation of Rs. 1756.2 Cr, QoQ Rs. 1907.7 Cr, YoY Rs. 255.5 Cr
Quarter EPS is Rs. 3.4
Share is trading at P/E of 8.5x FY22E EPS
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 17383.9 Cr (11.8% QoQ, 43.8% YoY) vs expectation of Rs. 16189.1 Cr, QoQ Rs. 15546.2 Cr, YoY Rs. 12086.9 Cr
EBIDTA came at Rs. 2411.3 Cr (-6% QoQ, 287.3% YoY) vs expectation of Rs. 2585 Cr, QoQ Rs. 2564.8 Cr, YoY Rs. 622.6 Cr
EBITDA Margin came at 13.9% vs expectation of 16%, QoQ 16.5%, YoY 5.2%
Adj. PAT came at Rs. 1529.9 Cr vs expectation of Rs. 1756.2 Cr, QoQ Rs. 1907.7 Cr, YoY Rs. 255.5 Cr
Quarter EPS is Rs. 3.4
Share is trading at P/E of 8.5x FY22E EPS
*Adani Transmission Ltd.* | *CMP* Rs. 940 | *M Cap* Rs. 103382 Cr | *52 W H/L* 1648/230
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 2829.7 Cr (3.8% QoQ, 15.7% YoY) vs QoQ Rs. 2726.6 Cr, YoY Rs. 2446.5 Cr
EBIDTA came at Rs. 1406 Cr (36.9% QoQ, 0.8% YoY) vs QoQ Rs. 1027.2 Cr, YoY Rs. 1394.7 Cr
EBITDA Margin came at 49.7% vs QoQ 37.7%, YoY 57%
Adj. PAT came at Rs. 435.4 Cr vs QoQ Rs. 238.4 Cr, YoY Rs. 383.6 Cr
Quarter EPS is Rs. 4
Share is trading at P/E of 79.2x TTM EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 2829.7 Cr (3.8% QoQ, 15.7% YoY) vs QoQ Rs. 2726.6 Cr, YoY Rs. 2446.5 Cr
EBIDTA came at Rs. 1406 Cr (36.9% QoQ, 0.8% YoY) vs QoQ Rs. 1027.2 Cr, YoY Rs. 1394.7 Cr
EBITDA Margin came at 49.7% vs QoQ 37.7%, YoY 57%
Adj. PAT came at Rs. 435.4 Cr vs QoQ Rs. 238.4 Cr, YoY Rs. 383.6 Cr
Quarter EPS is Rs. 4
Share is trading at P/E of 79.2x TTM EPS
*Birla Corporation Ltd.* | *CMP* Rs. 1400 | *M Cap* Rs. 10919 Cr | *52 W H/L* 1585/559
(Nirmal Bang Retail Research)
*Result inline with Expectation*
Revenue from Operations came at Rs. 1749.1 Cr (-18% QoQ, 43.1% YoY) vs expectation of Rs. 1737.7 Cr, QoQ Rs. 2132.6 Cr, YoY Rs. 1222 Cr
EBIDTA came at Rs. 347.6 Cr (-11.3% QoQ, 49.1% YoY) vs expectation of Rs. 334.1 Cr, QoQ Rs. 392 Cr, YoY Rs. 233.1 Cr
EBITDA Margin came at 19.9% vs expectation of 19.2%, QoQ 18.4%, YoY 19.1%
Adj. PAT came at Rs. 141.5 Cr vs expectation of Rs. 132.6 Cr, QoQ Rs. 307.2 Cr, YoY Rs. 65.8 Cr
Quarter EPS is Rs. 18.4
Share is trading at 8.3x EV/EBITDA FY23
(Nirmal Bang Retail Research)
*Result inline with Expectation*
Revenue from Operations came at Rs. 1749.1 Cr (-18% QoQ, 43.1% YoY) vs expectation of Rs. 1737.7 Cr, QoQ Rs. 2132.6 Cr, YoY Rs. 1222 Cr
EBIDTA came at Rs. 347.6 Cr (-11.3% QoQ, 49.1% YoY) vs expectation of Rs. 334.1 Cr, QoQ Rs. 392 Cr, YoY Rs. 233.1 Cr
EBITDA Margin came at 19.9% vs expectation of 19.2%, QoQ 18.4%, YoY 19.1%
Adj. PAT came at Rs. 141.5 Cr vs expectation of Rs. 132.6 Cr, QoQ Rs. 307.2 Cr, YoY Rs. 65.8 Cr
Quarter EPS is Rs. 18.4
Share is trading at 8.3x EV/EBITDA FY23