India's most valuable stock's valuation is at attractive levels, with forward P/E compressing to ~19x (versus average of ~21x) and EV/EBITDA at ~9.9x, even < -1SD band, nearing multi-year trough levels of ~9.6x, the brokerage said.
India's most valuable stock's valuation is at attractive levels, with forward P/E compressing to ~19x (versus average of ~21x) and EV/EBITDA at ~9.9x, even < -1SD band, nearing multi-year trough levels of ~9.6x, the brokerage said.
<iframe src="https://hindustansphere.com/embed/cluster/ca4ca33efb4eb8f637814e47da57f05c2b1b5ac6" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Reliance underperforms Nifty 50 YTD: Equirus says catalysts for re-rating are emerging, upgrades stock to LONG"></iframe>
