I don’t know if you have mentioned this before in the thread, but what is your return expectancy here? CMP is 25% below the ATH. Are you looking for a multibagger here or do you want to hold for longer term, thinking of compounding?
From your posts alone, it seems there are some issues with the company. The participation from institutions, FII or DII is <1%. No MF holding here, but they hold United Spirits, United Breweries, Radico Khaitan (I have not checked others). Retail has 64% holding here.
If your had bought a lower price, as a value bet, then I guess it is fine, if not, if your purchase price is close to CMP, or if you had bought at a higher price, and are thinking of increasing position, then it can be risky. Price can double from here within 1 year, due to capacity expansion, or for any other business changes, I don’t know.
Senior and experienced investors usually stay away from such businesses, one reason being, there are many opportunities available in the market, they can dedicate their time and efforts to such businesses and increase their chance of being rewarded. As you are young, you have every right and affordability to learn and experience any which way possible. So this can be a case study for you, irrespective of the outcome.
Not invested, know nothing about the business, nothing to add quantitatively, just posting some qualitative observations and some thoughts.
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