reports
- Alexis Corson
- Bhavik Desai
Recommendation: IBL's Offer for LUX:
We recommend that you decline IBL’s offer for LUX shares While IBL’s offer represents a fair exit opportunity, our recommendation stems from reasons we discuss in our document We Fair Value LUX at Rs72.25 representing a 2% upside and therefore downgrade its rating to “HOLD”
- Alexis Corson
- Bhavik Desai
Recommendation: IBL's Offer for BLFE
We recommend that you decline IBL’s offer for BLFE shares While IBL’s offer represents an exit opportunity, our recommendation stems from reasons we discuss in our document and also because the market at Rs2.40 offers a higher exit point We Fair Value BLFE at Rs2.56 representing a 6.5% upside and therefore introduce an “ACCUMULATE” rating on the stock
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