More than 10x in last 5 and a half years is a decent re-rating I feel.
14.2 kg cylinder development has been announced in last 1-2 years only. Before that they were alluding to the potential of it. Actual development announcements have started since 1-2 years back.
Also, LPG will always have delays involved due to Government involvement, So its not too high on my list of re-rating factors. If it happens, It would be an even bigger re-rating potential
- All other points for re-rating are highly probable to occur. So this time, it indeed might be different. Since Bharatji has taken over MD position, They have achieved almost everything they have guided. So my expectations are indeed high.