Divyanshu, thank you for sharing your conviction.
Playing the devil’s advocate here, which one of the mentioned points was not true 3-5 years ago?
By how much should earnings grow to justify the increase in valuations by ~60% (60-70x to >100x)?
I am not at all denying the prowess of the said company, it is just that I feel Mr. Market sometimes overestimates the positives of a company and assigns a “too optimistic” valuation.
Asian Paints, as you mentioned, posted pretty strong numbers. Probably a tailwind in infra and buildings could bode well for the likes of Pidilite as well.
Let’s see.
Invested and closely monitoring.
Subscribe To Our Free Newsletter |