Laurus Labs – Can Business Transform to Next Level?

But LL ticker has been beaten down way too much.

This conclusion will only be fair if you compare its current price with its all-time high of ₹707.

But that comparison isn’t fair. Because Laurus Labs even at its current market price is still a five-bagger compared to where it was less than three years back (split adjusted) and that is still a phenomenal return.

The fact that its share price scaled to those astronomical heights in the short span of 18 months (ending on August 2021) is a result of sheer euphoria when almost everyone wanted a piece of it no matter what the cost is.

What we are seeing now is sanity being restored with the stock being valued factoring in both the positives and the negatives of the underlying business. But that doesn’t necessarily imply that it won’t be a long-term wealth creator.

Thanks – Arnab Roy

Disclosure – Not Invested