I am a bit surprised to see the stock being weak. To me I see multiple tailwinds
- Rupee depreciation
- Operating leverage playing out
- Company planning to move to higher value products
- shipping and logistics cost/ bottleneck coming down
- India business ( direct b2c) was also growing
Global slowdown/ home sales slowdown esp in USA is a concern but they cater to premium segment anyways so I don’t see too much of an impact there.
Am i missing any negatives that the market is seeing? Contra views will be highly appreciated.
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