@visuarchie request you to provide Gsheet here also as did, in case of small cap PF thread, thank you, sir.

I find Electrosteel to be quite undervalued. What am I reading incorrectly?

Let data do the work without looking at anything else!! Really kindled my interest and I kind of ran through each of your comments. Got the idea and it looks very interesting. Taking away all the biases with very clear entry and exits.
One thing that I have noticed is since the time this portfolio has been operated we have been in bull phase. Just eager to know if there has been any backtest done by employing this strategy on the past data, which should give us a clue on what to expect in down phases.

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Thread initiators are usually alerted to edit their post, and make necessary changes before thread is opened up again. So you/colleague and look to edit the post in order to meet prescribed guidelines. We have the responsibility – especially the thread initiator (assumption is he/she is a savvy investor) – to cater to bringing everyone on same page – quickly – if you know what we mean.

Very intriguing piece of information, taken from DRHP of Allied Blenders and Distillers Ltd.
Piccadily is not even mentioned.
Disc- invested from lower levels