Analysts are almost unanimous in giving a subscribe recommendation to investors over attractive valuations and strong growth potential. At the upper band of Rs 265, the issue is asking for a market cap of Rs 2,102 crore based on FY23 earnings, while P/E stands at 66x. This compares with listed peers like Syrma SGS Technology, Kaynes Technology, DCX Systems and Avalon Technologies, which are trading in the range of 35x to 95x.
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