I also agree to this. Also, it looks like, some managements always look for expanding in new fields too rapidly without checking if it is really needed for their business or not. It sometimes impact margins and reduce ROCE. I am not saying that, Laurus Labs is in this category, but some caution is needed.
I have seen this happening with Tech Mahindra in the IT sector. Aggressive revenue targets diluting margins during 2015-2020, and it has lost against the competition.
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