Agree, hence the sector increase in unison, however in almost 2-3 years now, it looks like a new normal rather. People have learnt few lessons from covid which changed their outlook and they are going to pass on the same lessons to others around them. I dont think if someone is travelling in Q4 of this year, it should be considered as an immediate after effect of Covid lockdown…yes it can be the change in outlook of that person towards thing or rather a new normal for him…

Post COVID there was a sudden surge in travel demands since everyone was locked up and for almost two years travelling was very difficult. This will eventually normalise.

For Indian Hotels revenue in FY21 had dropped to 20% of FY20 and since the return in demand has also skyrocketed the revenue to almost 4x the revenue in FY25. Even profits have gone from -320 Cr to 2200Cr and Hence there has been a rerating in the stock and the absurd valuation.

But we should be extremely careful at getting into such stocks at these valuation.
From 2007 – 2021 there was almost zero returns in the stock and such cycles can repeat.

@Mudit.Kushalvardhan The current drawdown for me from ATH on this pf is 15.6%. I remain fully invested.

Raising equity for felling strong growth in the value added products might not be a bad idea, however company should not overpay for acquisitions. I would have been more happy with divestitures first and not equity dilutions

The management has been consistently under promising and over delivering. Their margin profile and assurance that they would retain these margins is very comforting.
For every GW of installed capacity, similar transformer capacity needs to be added. So the TAM in India itself is huge and then there’s huge opportunity knocking in US and EU.