Due to no conference calls etc, I had written to the company in beginning May to understand the growth in the last year, guidance for next year in terms of sales and margins. The company finally replied in mid June, and over the email the VP has mentioned they expect 20-25% sales growth next year + maintenance in margins. For me this continued to be a strong thesis once I built in the guided numbers for next year. I would though appreciate if anyone can share the track record of the management in terms of guidance in the past.
A screenshot of the mail is attached, with my queries as the questions and the company’s response in yellow.
Technicals and price action now suggest otherwise though, looking at the moving averages and RSI.
Disclosure : Continue to be invested. Biased. I am not a SEBI registered advisor and this is not investment advice.
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