@Chins wanted to know thesis about this. Are the valuations really in the sweet spot here?
Take rupa for instance. If we assume management’s guidance of 25% revenue growth and 11% EBITA, then it’s trading at 18 times FY24 earnings. The mean PE has been around 20.
I’ve been looking to play the mean reversion in textiles but the equation has been lucrative enough for me. What are your thoughts on this?
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