Aakhir hua kya?
Dekho, company ne bataya ki unka net profit 33% jump karke ₹102.3 crore ho gaya hai. Revenue bhi 34% badh kar ₹1,082.4 crore tak pahunch gaya hai. Total expenses bhi manage kiye hain ₹979.9 crore par. Toh numbers toh ekdum solid lag rahe hain, right? Par market ka reaction bilkul ulta tha. Share aaj 3.33% gir kar ₹117.51 ke aas paas trade kar raha hai NSE par.
Valuation ka Bhoot Sabse Bada!
Asli baat yeh hai ki investors ab sirf numbers nahi, balki company ki valuation par zyada dhyan de rahe hain. Edtech sector mein waise hi badi gadbad chal rahi hai, Byju's ka haal sabne dekha, aur Unacademy ka valuation bhi kafi gira hai. Physicswallah toh apne listing day ke high ₹161.99 se lagbhag 28% neeche aa gaya hai. Yahi wajah hai ki itne acche results ke baad bhi log dara hua mehsoos kar rahe hain aur stock gir raha hai.
Brokerage Report Kya Kehti Hai?
Analysts bhi ab thoda cautious hain. Goldman Sachs ne toh 'Neutral' rating diya hai aur ₹135 ka target price set kiya hai. Nuvama bhi 'Hold' par hai. Pichhle saal, MarketsMOJO ne toh valuation issues ke karan 'Strong Sell' grade bhi de diya tha. Company ne IPO se kafi cash jama kiya hai, lagbhag ₹5,054.4 crore, aur health aur student housing jaise alag fields mein bhi invest kar rahe hain. Offline centers bhi badha rahe hain. Lekin abhi sabse bada sawaal yahi hai ki kya yeh growth aur expansion apni current valuation ko justify kar payegi.