I don’t track Laxmi Organics. My comments you quoted were more generic in nature with respect to the whole chemical sector which seemed overheated back in late 2021. Since then most of these fancied chemical stocks have corrected big time or have not moved up much (barring a few speciality chem companies like fluorochem or navin fluorine or some other such specialised companies).
As of now charts of Laxmi organics also does not show too much to be excited about. I prefer to be in sectors that have some tailwinds and that have strong chart formations.
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