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India Equity Research Reports, IPO and Stock News
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BUY Jindal Steel; SOTP Valuation – implies 62% potential upside
At target price, implied P/B is 3.8x, which is at a 30% discount to mid-cycle levels
At target price, implied P/E is 16.5x, close to its mid-cycle (17x) levels
At current market price, market seems to be ascribing p , g value only to existing cash flows from operating assets within India
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