Investors should not expect a further multiple re-rating as the same has already played out. However, one should look to accumulate this company for the secular earnings growth in the medium to long term
Although the medium to long-term outlook is extremely positive and the companies do not really see a problem in growing their revenue, investors got to keep in mind the pressure to near-term earnings especially in the context of the valuation.
Angel Broking expects its revenue to grow by 23 percent CAGR over FY2017-20E on the back of growth in its recently introduced new products.
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