What investors are buying is a sound and relatively less-risky business -- operating in a growing space, having strong technical capabilities and sitting on a strong order book -- at an attractive valuation
With this kind of order book and execution improving, the earnings trajectory could take off in coming quarters.
Merger with Bharat Financial will add new customers and high yielding assets. The stock looks attractive at 2.5 times FY21 estimated price-to-book after the recent underperformance
While the stock valuation is reasonable, we would like to wait for the currency headwind to play out in the near term and would turn buyer on further weakness
The Jaguar-Land Rover (JLR) business was back into the black, thanks to cost reduction efforts undertaken by the company. Domestic market conditions have also deteriorated, adding to the company’s woes