I initiated a small position in AVL when it was trading around 800 levels and recently exited. My primary concern with the company revolves around corporate governance and the ongoing trend of the Sinha family members selling their shares.
I believe this could be attributed to the rich valuations at which the stock is trading. However, it does shake my confidence in maintaining a long-term investment in this company.
Given that they operate in a fairly mature industry and in a region that may not attract the interest of giants like Reliance or Croma anytime soon, it is a decent bet in the near term.
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