Brokerage houses saying that growth is slowing down and numbers are below expectations. Bajaj fin use to grow at 35% and now expected to grow at 25% (acc to some brokerages/experts) , hence the stock correction due to high valuations.
However promoters buying 200 crores of shares at 6500/- , just 2-3 days before reporting numbers makes me confuse. Should we assume that promoters are good in business but not in calculating correct valuations or they are optimistic about the business and thinks that such valuations will sustain and growth will be similar like past. People tracking this company please share your views.
Disc : Invested since 7 years.
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