Times are uncertain . But there are some facts that cannot be ignored.
P/ BV = 6.80
P/E = 31.00
The most important – LIC the saviour has a 16 % stake as of June 18 , and it needs to make money and also generate some, if it continues to be the saviour of last resort .
At 291 , this stake would be valued at approximately 56,000 crore.
And it would need to monetise a part of it . The prospect of LIC selling , is the biggest overhang .
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