In case of fundamental bets, the basic premise is you have a rough idea how things are going to pan out. There can be a delay of a quarter or two, but if company is on a growth trajectory, then it will deliver in due course.
Usha for example . In latest concall the management indicated that results of capex at Ranchi will be visible from Q1 FY 25 onwards In such cases, since capex comes on stream in phases, I expect results too to keep improving for a few quarters atleast.
Even after flat results, stock price went up and made a fresh all time high. Though it faced selling pressure at those levels, but even in overall correction of markets it seems to have gone sideways.
In these kind of situations I am not too perturbed by flat results because there is promise of good numbers a quarter or two down the line. Even after that kind of wait the numbers do not come around I would recalibrate my thesis.
@Sumit_Pandey I dont track PFC. Regarding breakouts, we have to be sure about it not being a false breakout. And even if it is a genuine breakout there is a lot of tests and retests of breakout zones.
@Apurva_Dubey I used to track and own KRBL, but inspite of good balance sheet and promise of good times, stock price did not make the expected moves. I therefore got out. Even now it has vastly underperformed overall markets in recent times. Unless I see anything again to suggest a re entry, I am staying away. For pure fundamental investors it might be a different case.
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