The Chart indicators are weak. There's twizzer top pattern at the current levels. is near the oversold region, so might stablise before crashing.
The profit run rate every quarter is flat at 300 crore i.e, Rs 1200 cr bottomline in a year. The market cap is Rs 66,000 crore. Should one give 55 x PER for a good stable business but in a fiercely competitive landscape?
I would only buy it at 30-35 PER ...i.e., Price of Rs 300 !!