In fact I was trying to add to my existing holdings .
But I am holding back my decision due to the recent run up!
However , i am not qualified to give you a recommendation though I remain invested since last 2-3 years.
But I don’t find any specific reason why the stock is running up so fast … there is no uniqueness with garden reach among other peers l… All 3 stocks are equally placed to take benefit of defence play in shipping.
it may be possible that many funds / FII/ institutions/ HNI chasing or there is something in the market which we are not aware.
Rather , given a choice , i would like to add Mazgaon dock available at much cheaper valuation currently available and it may not be possible to add during OFS or post OFS as the stock may skyrocket merely because of wide valuation gap between it and it’s other two peers.
Discl : I am not a Sebi registered equity analyst. This is my personal view. Not a buy sell recommendation. please do your own assessment before buying. I may be biased since I have investments.
| Subscribe To Our Free Newsletter |
