Hi,
You mentioned that you’re still holding on to Ingersoll-Rand.
What are your views now?
The stock is still much above its 30 and 40-week moving averages.
Its the second largest Air compressor business in India
Funds like Manulife, Invesco, and Dimensional entered the previous quarter.
The MNC holds 75% and gave a humongous special dividend of Rs 200 in 2018.
I have been holding since 450 levels as a core holding, but since PE has shot up to 50x (similar to Elgi), I am looking forward to the technical view.
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