All the calculations appear very good on the paper and have always been in the case of IMFA . I am following this counter from a decade . It is pure cyclical whereby before 2015-16 it’s high low were 180-550 and the cycle of it gyrating between this two points would usually be 2.5 to 3 years . Same has been repeating i think during COVID it touched 180 levels and a high of around 980-1050 . Last year in August it went ex bonus again than a fall than again a good qtr and a high of 550 and than a cruel dumping ( in hindsight you feel bonus was used for this dump) . You will only make money when you enter at right time and can time a perfect exit , because the picture would appear most rodiest and yet the price decline will be like 30-40% within a cpl of weeks where you won’t be able to react .
Yes at this juncture it’s at a good entry point and can give 40/50 % return if you have 3 to 4 qtrs time frame provided metal cycle shows an upswing .
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