Price targets for the stock suggest analysts are valuing it at 4.55-5.5 times FY22 EV/Ebitda and a P/B of 1.1 compared with a historical average of 0.7 times. They see 25-63 per cent potential upside for the stock from here on.
Trading volume on the counter was almost three times higher than its two-week average trading volume on BSE. Over 5.25 million shares changed hands till 1.15 pm on both BSE and NSE.
NEW DELHI: Ace investor Rakesh Jhunjhunwala calls Elon Musk of Tesla a true entrepreneur, but believes the high market value of Tesla may not sustain. The Big Bull calls Prime Minister Narendra Modi a distilled socialist, one who has batted for reforms aggressively. The Big Bull suggested high-teens returns from domestic equities over the next decade.
In an exclusive interview with ET NOW, Jhunjhunwala said history will remember Elon Musk of Tesla as true entrepreneur. But it is the shareholders who would decide Telsa s market capitalisation, and not Elon Musk, he said. That m-cap may not last, that I can tell you. But that does not take away the entrepreneurial capabilities and performance of Mr Musk, he said.