Hi! Its more of an outcome of the stock selection process rather than an input I explicitly provide.
Before expressing my views about the stock, please understand that my perception might be biased as I have sold about 13% of my holding in past 30 days.
Coming to Control Print, I find it an extremely good business model with a very lucrative industry structure. Problem with this industry is in terms of incremental growth, which is broadly 1.5x GDP thus limiting sales growth to 12-13%. Given that customers don’t change their existing printers leads to very good operating metrics for existing companies. But its also very hard to gain market share as there are no sitting ducks.
I personally dont find companies investing in listed shares as a red flag. When I am investing in equity to try to generate excess returns vs fixed investment options, companies also have a right to do so. As long as they generate good returns without taking extraordinary risk on invested capital, I think its prudent to invest in growing assets than debt options. Also, Control Print has a very good track record, having generated around 16% returns for a long period of time, which is way more than bond options.
I dont understand technicals. I bought Control Print in October 2021 because I found the business undervalued and growth reasonable. Since then, EPS has compounded at 32%. However, I highly doubt if future nos will be this attractive, and its already trading at higher end of its valuation band which makes me cautious on the stock. This is the main reason I have been slowly selling. Having sold a lot of stocks very early in the past, I want to be more calibrated in my selling. Hope this clarifies my thoughts 
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