Despite three fantastic quarters on the trot, major paper stocks (JK, West Coast, TNPL) have stagnated since September… EPS has doubled since Q1 FY 23e… these muted responses for two quarters on the trot and I’m beginning to wonder if, market is sending a strong signal that the cycle has peaked? The results seemed to be completely otherwise…
Seeing the same trend in Hotel stocks as well (Lemon tree, EIH, with Indian Hotel slightly bucking the muted trend)…
Experienced boarders please advice
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