Is there anything left in the market that is undervalued right now? Deepak Shenoy answers

economictimes.indiatimes.com:

Deepak Shenoy, Founder, Capital Mind, says “LIC remains an unrecognized play in this entire space. They are probably on route to making more than Rs 40,000-42,000 crore of profits in this quarter. And then we will see this, this is about Rs 400,000 odd crore in terms of market cap as a stock. So, you are paying 10 times earnings and then the earnings will actually increase because LIC share from their participating policies goes up from 7.5% this year to 10% next year.”
Honasa Consumer saw a solid surge in the week gone by post its earnings. Today, it is reacting to that entire report of some ESOP shares coming and adding to the supply pressure. Overall, fundamentally, how would you look at this company?
We do not have an investment here but they made Rs 29 crore profit in Q2. Their cash flow was quite decent for the first six months of the year, higher than the profits in the first six months. So, they are cash flow positive in that sense. But there is this overhang of sales that are likely to come. Now, of course, we talked about ESOP holders. I think the company has denied the news but there has been news that the ESOP holders will convert their shares and employees are allowed to sell. They do not have a lock-in period after their ESOPs are exercised. So they can sell their shares whenever they want. So if they choose to, it will add to the liquidity of Honasa shares in the market.

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Currently, that liquidity is very less. I think a relatively small percentage of the