Stock has corrected by 22% since its recent high and is trading at 68x/51x/42x its FY2025E/FY2026E/FY2027E EV/EBITDA, respectively. We maintain Buy with a revised SOTP-based PT of Rs. 8,162.

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The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations ...

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