To be honest, its a fancied stock from a fancied investor. After falling so much, stock is still being valued at 108 PE 
. This, for a company, which is growing single digit in sales and profits for last 3 years with competition increasing drastically by the day and I have never seen anyone asking for “relaxo” brand while buying footwear… I think more pain in the offing for stock price
Disclosure – never invested, never interested
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