Story remains the same 3 months into the new year.
@narenarora, even in a crowded market as long as they are able to grow their volumes and sales (by maintaining their margins and profitability), they should be fine. As they say, the proof is in the pudding. That for any company, moat or no moat shows the true demand for its products. Unless these two things pick up, I see the stock price going nowhere. No matter what the management makes us believe about the great brand, increasing distribution, their out of this world strategy etc. their fortunes are tied to the rest of the market. The overall market recovers, they’ll recover. That is my take on the situation.
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