Even within the same sector, there could be differences between 2 companies for many reasons. So while such lists do give an idea about price, each business should be evaluated separately, and I don’t think anyone could always predict the future price movement. One point I can add is the size of the company, with or without multiple business segments, in instances like these, I guess, even 1 year is not long, for investors who are in for the long run.
For many, it does not feel good to see price not moving for years, Coal India took 7 years to reach the same price, Mayur Uniquoters took almost 4 years, Page Industries took 3 years. Stocks can trade in a range for years, and I think, investors who understand businesses very well don’t mind this aspect.
Just some thoughts.
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