Good one Brijwanth. Am of the same opinion, we just need to wait for the right price discovery after selling is done. If polycab hadn’t given this kind of returns in very short time, This wouldn’t be the scenario. Probably market would have shrugged off this after a while. General psychology, if you have already made 4x kind of returns, 90% of the folks wouldn’t think twice to cut down their holdings or even sell off completely on the bad news. I guess that’s what happened so far. My take is once you see good results from the company in the near future, market will eventually forget this giving them a chance to correct governance isssues. Look at hero motorcorp, Manappuram, shree cement they gave very good returns after IT raids issue. Problem with Polycab was it’s hyper valuations. Overall, it’s a buying opportunity for me it it comes to 3600-3800 Zone.
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