Good analysis, but you are incorrect in saying that stock corrected 20% in last two months due to lower Q2 numbers.
1- First of all results published in Jan are Q3 numbers and not Q2
2- Stock went up 20% after company posted results on 15th Jan (didn’t go down)
3- Correction which happened was due to massive profit bookings across small/mid caps and stock also corrected up to 30%
4- Correction is already complete in small/mid caps and PCBL also along with other stocks has recovered 14%
Don’t blame you for this. It’s just another case of analysts copying stuff from the others or internet without doing basic fact checks. If you met your most typical analyst and interacted with them for 30 mins you would probably think twice about quoting them in the future (telling from personal experience).
Coming to stock, without getting into fundamentals 40% upside is nothing but stock claiming its ath in Jan 2024 where it went up to 340. It’s just a technical call.
Disc- Invested
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