1 more IT raid (check precedence) and all this optimism will be down the drain. Stock is trading at very high valuations because of general euphoria and excess liquidity in the market.
Please note they are working in a very competitive industry where orders are earned based on bidding, which directly impact the margin.
“India story” has been playing since 2 decades. Every analyst use the same 2 words. Then why are QSRs doing so bad? Even they are riding on “India story”.
Be cautious when your horizon is 2 decades. Its a long long long period.
Disc: Former shareholder, tracking for better entry opportunity to take trading position.
Subscribe To Our Free Newsletter |