It depends on how you look at it.
End of the day its still just shares.
When Promoter will go sell shares or take loan or any other thing, the other party will do its own valuation. This is what those analysts are missing.
Today even i will paint a picture and put price tag of $1 billion on it. same with shares.
We ourselves never buy when
we feel price is high or sell if
we feel its too low.
In cases like yesbank, people will feel 100 is too low until it becomes inr.20.
so there is nothing to complain about it. Tomo i will also feel RIL shares is too high, so SEBI will probe ? no right
I dont know anything about 99% law etc, ( as in everyone new about 99% when getting listed. Kotak bhai also having % issue with RBI )
im just going by mkt dynamics. but it is clear that Analysts ko hajam nahi ho raha hai bcos it didn't go as per their prediction so ego is hurt.