Thanks for your views.
- Business in question is of high quality – able and honest management, sector leader, well financed, and self-sustainable (all earnings could be distributed as dividend, DP at 65% as of now).
- Ongoing sell-off by big institutions has pushed the price to value buy territory.
- Valuations are way below historical mean.
- Management has done all the ground work for growth, which is yet to reflect in the Net Income.
As and when growth comes at the forefront or high quality is back in demand, momentum will sharply kick in since price trend is sideways for 8+ months with early signs of double top/HnS pattern formation.
It’s a play with multiple options – High Quality, Value Buy, Anticipated growth, Reversal to Mean, Momentum – and not just technical setup.
Hopefully, Hitesh Bhai will also share his perspective.
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