I have been waiting for this kind of correction in this stock. I invested in this stock like two years ago at 960 levels and believe be I have been praying every single day since then and regretting that I didn’t buy more.
If the Fundamentals are not changing at it just a price correction, I would love to buy this stock at a rational price. It is not trading at 70PE which is a 40% premium to Polycab which is a leader in this segment. Assuming a benchmark of 50PE for this stock, since sales growth and profit growth is 15-20%, I am keen to buy this stock around 3000 level. Any price below that is a bonus.
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