Whenever narratives and stories and projections are made for 10 years or more, its time to be careful. First thing in such a situation you do is to check what kind of run up the stock price has had in past 1-2 years. If it has gone up 2-5 times or more, then be very careful about what kind of valuations you are paying. Plus you should know what you are buying and why you are buying.
EMS is the latest sectoral fancy in our markets besides of course the PSU stocks, and the rally still seems to be on in full swing. Problem is we have no clue how long this is going to last. Besides even in terms of overall markets, we have had a strong rally behind us. Maybe even front of us. But we need to be wary of not getting caught up in the frenzy.
I don’t have any specific views in these names, but think overall caution needs to be exercised.
@Ketan_Chheda. I don’t track sportking. Its a typical cyclical textile company and has to be played accordingly.
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