Nykaa is going through a storm of selling. And thats alright. In the short term, I could be wrong at having bought the first tranche at 1400. I will buy another at 1000, I could be wrong again. But, as I know it, that is not my edge to know the best price to enter.
My edge is in building confidence in the brand of Nykaa. To read about it, to monitor expansion and finally distill all that to its EPS and see if there is growth.
As long as GMV is up, I couldnt be much wrong. Cuz, Nykaa is doubling topline in 2.5 years. No matter what price I buy, the business growth will catch up. I will be wrong in the short term, and right in the very long term. And that is my end goal.
I realized this after anguishing over consistent rise in Dmart share price for a very long time.
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