At CMP of Rs. 2652.2, the company is trading at a P/E multiple of 10.x, which is at a discount to the peer average P/E multiple of 32.1x Moreover, it is trading at 0.28x to the market value of its equity investment as compared to five years average of 0.35x. As against a book value of 720 per share, NAV of the investments was 6,498 per share as on 31 December 2017. Thus considering the future outlook and fair...