Personally found NOTHING wrong with the management interview.
He compared 1st Half’15 figures with 1st Half’16 figures and said there has been a growth in the numbers instead of a decrease which is true as well.
I don’t think there is any denial mode in the management’s comments. They are extremely confident about achieving their guidance numbers of 1000 cr yearly revenue (which is 20-25% growth and not a very high target).
Senior management of businesses are not sitting puppets to simply accept the biased/twisted views of the TV analysts. They can easily have the same lens of the management but would rather focus on all the negative aspects. (weak numbers, de-growth, etc)
Personally, would love to hold a big chunk of CCL in my portfolio but current valuations mean the growth story must continue for quite a few years for good returns. Waiting for it to cool down or as BM says “The stock market is a flowing river with plenty of good fish”
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