Its sales have been growing at 20.9% CAGR over the last 10 years, which is a good sign for someone who has 50% market share. More recently, its profit growth of 40% CAGR over last 3 years has been impressive where as the stock has given -5% returns (since Nov 2020 till date). On paper, this does look like a very good investment candidate from a risk to reward perspective as the business seems to be doing well but the market is skeptical. I know this is a very simplistic way of looking at things but is something wrong with this view? Is order intake the only thing that the market is worried about?
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