Valuations at 13x FY21 EV/EBITDA do not factor in the new growth streams and could help drive up prices in medium term.
Company has strong presence in mid-priced hotel segment and is seeing a strong increase in the no. of rooms through management contracts.
Overall EXIM volumes were impacted by demand contraction in the global and domestic markets.
JSW Energy has signed a share purchase agreement to acquire GMR Kamalanga, valued at a maximum amount of Rs.5300 Cr.
Deal closures in Dec’19 were soft, strong deal win momentum is expected in Mar’20 and ahead.
Strong order book, superior execution and very good cash flow support premium valuations.
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