This is nothing short of impressive. However, market participants cannot see beyond the established narrative that is fueled by the quick and sharp drop in price.
I intend to add at the swing low of 160. The bearish narrative that has caught on, can atleast grant me this.
I have tried to compare, but cannot find a peer to Nykaa in BPC. Others are doing bits here and there, but nothing close to what Nykaa is doing IN BPC. I have been told, JIO and Amazon are competition, but I dont think so. The numbers tell a different story.
Valuation seems decent to me, for a company that can grow at 30% (which is because it is the undisputed leader).
I might be off by 20 odd % valuation wise, but no one can really be sure. I dont want to miss a great opportunity, which i believe it is, for the fear of buying expensive.
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