As I have been writing regularly on this thread, I felt that I should mention here that I have sold my holdings in the current rally. Nothing fundamentally wrong with the Co. & it should continue to do well in the long term. It’s the immediate short term that was a cause of concern for me. For Pix to perform well, exports have to flourish, something that is not happening & unlikely to happen in the immediate future with the world slowing down due to multiple reasons. The Co.’s expansion plans were made keeping in mind the export potential & not necessarily the domestic market.
I was also sitting on a decent quantity & the current spurt with volumes helped me to exit. Besides, its always a good feeling to book profits & get back to work n redeploy!!
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