Before you would realise the cycle has turned bad and NPAs are going to grow, your majority of the profits would have been wiped off.
Polycab is not an SME and still we saw what transpired there. Corporate governance issues do not happen because of the size of a company.
PSUs’ major risk is governmental control and overnight shift in the policies/ rules/ stance.
Anyway, everyone has their own style of treading along in the market.
Good luck!
Holding IREDA since listing day. Would book partial profits before budget.
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