Lt foods (daawat)

Thanks for sharing – but this report and recommendation is not meaningful for long term investors with time frames of 5~10 years (like me). The report itself states that LT foods is growing market share and expected to have strong cash flows until 2026, so the long term runway looks good and price seems reasonable for the quality of business.

I also found it hilarious that Geojit’s price target moves exactly with the stock price. It’s almost as if they look at current price and add +/- 5% depending on some arbitrary assumptions – they had a sell rating at 160 INR in August 2023 – the stock has gone up 55% since then!!

Thanks,
Sharad
OpenSourceInvestor @ Substack