Hi Mudit,
Fundamentally the sector has done good in FY24 and the same was seen in price up moves of the entire sector. Now on it has to be seen how the sector does in coming years, if the profit growth continues the price action will continue. I don’t use technical indicators alone I would also look at profit growth as well. From the sector I am invested only in EIH ltd, as technically the price broke out of multi year consolidation and in my view fundamentally it is undervalued compared to the peers and the sector leaders trade above 60 PE X and technically it is consolidating in form of VCP. Now it has to be seen how Q4 pans out for EIH ltd. On the Q3 con call the management was confident of holding on to the ARR trend which was seen in Nov and Dec. These are my personal views and this is not a recommendation, I maybe wrong in my analysis, as I am biased and invested. You can take your own decision after doing your own diligence.
Regards.
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