While acknowledging that valuations appear optically expensive following the recent turnaround in profitability, Emkay said there is scope for nearly 6x revenue growth in India over the next decade, translating into a 20% CAGR.
While acknowledging that valuations appear optically expensive following the recent turnaround in profitability, Emkay said there is scope for nearly 6x revenue growth in India over the next decade, translating into a 20% CAGR.