Recently got interested in the stock and looked at Lux Ind and RUPA. It’s true that both have corrected significantlu from the highs and trading closer to historical low valuations. But, looking at absolute valuation, the PE is still in lower double digits even if we assume the margins would revert back to normal.
And there was no growth for RUPA. Lux seems better placed considering its growth (although partly inorganic growth).
I feel that both offer good valuation comfort. But, the considering the overall market condition, better opportunities are available elsewhere.
My key point. Valuation cheap, better opportunities exist
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