Hi, I have a rather basic question which may not be relevant to the topic but I don’t know where else to ask.
The management has been telling about abnormal margins in conductor business even in the previous concall, so I was expecting that market was somewhat aware of that. And the current concall, the company has guided on newer opportunities in renewables as well as for Indian railways (where I realise Apar already has the product ready and its more about when the government decides on the upgrade) (all in all from what I understood it was not all doom and gloom). Moreover, the shareholding pattern has also increased among FII/DII over the last quarter and public shareholding has gone down. And I assume institutions would have known this beforehand.
From the above points do you feel this sell off today was profit booking/panic selling and the stock is not likely to go below another 15-20% and can rather consolidate for a few quarters in this range?
My average buying price is Rs. 1,800 and I was looking to do SIP in this stock for at least 12 more months, with an outlook of 2-3 years in mind.
Do guide me if this would be the correct approach or the company is more cyclical in nature. (My reasoning for holding this stock was the growth in infra, railways, growth in cable business and lesser valuations compared to other cable companies like KEI)
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