Was madness down in the 1.30s. Given the growth potential and the fact the next financial year isn't too far away I think a consolidation near or above 2 is easily justified. I would say even higher because the multiple has room to expand, but let's not get too carried away. All in good time.
Once the forward PE becomes the trailing PE we might see the market wake up to the growth potential.
Ann: Half Yearly Report and Accounts, page-21
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