10 December 2022
India is on its way to becoming the next manufacturing hub of smartphones. Mobile Phone Exports from India to achieve a new high in FY23 with shipments worth 9 Bn$ to be exported, showing a growth of over 155% year on year, compared to the previous financial year when India exported 5.8 Bn$ worth of smartphones. Leading this growth is Lava whose tremendous growth in the smartphone segment can be attributed to 3 factors mainly:
The 5 year average of industry P/E is 73.3, whereas Lava stood at 43.4. Current share price of Lava stands at ₹ 150 which is expected to increase to ₹ 250 in the near future. For further updates, stay tuned with Planify.