I am still positive on this stock. There has been a series of good news coming -
- Global Deal with Warner music for entire library - This will increase the revenue and profits, as management told that this deal is multiple times bigger/ better Vs last time’s partial deal.
- Buyback announced on INR 625. Also, even at this price, the promoter is not participating and selling its stake. They know the future revenue profile. I guess it is a way to improve own promoter shareholding for what Tips can become.
I am just not sure whether this is my rationality, or recency bias (Impact of bull run)? Any other thoughts?
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