Hi,
I had also bought this stock last year but have been lucky to sell after results. My learning has been that I saw many positives like low PE, a good brand in the making, railways opportunity, supplier to OEMs, huge runway given low penetration of ACs, etc. but later realized that their main business of consumer durables is highly competitive and it will be a huge struggle for them to improve margins. I didn’t feel comfortable as I couldn’t see a long term competitive advantage which could be sustained. It can still go to 1000 and beyond but it isn’t my cup of tea.
Cheers
Rajesh
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