Regarding HBL Power, I don’t try to go by management projections. The main thing to know about this business is that it does have strong tailwinds in all its business units. But there can be lumpiness on a quarterly basis. I try not to do crystal ball gazing with relation to its sales, profits or expected returns. Idea is to take things as they come.
On what kind of valuations it gets from markets, its difficult to guess. As long as earnings keep chugging along and tailwinds persist, it makes sense to ride it. There will be sharp rallies and corrections off and on, more so with the kind of markets we are in currently. If one is nimble enough, one can ride these also to do a bit of trading with a part of the position.
@mayank_raghuwanshi I don’t track Motilal Oswal.
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