If you read the latest conference call transcript on 16th August 2024, the management was asked why the stock price is moving so fast, the management responded that there are investors from early days and they might be booking profit and there is no mismanagement issue and that they are confident enough that they will be growing at 15-30 % CAGR. for the next 2-3 years.
Being an architect I have mixed feeling about this company. No doubt it appears to be an attractive deal at this price. that is Rs 90/share. But also I won’t be allocating more than 2% of my portfolio worth to this stock.
Also last week I talked to one of my friend who is a lighting designer in Germany (who has an office in Bengaluru too) about this company. he said that clients (corporate/retail) are not sure about Indian Companies in the lighting design field. Also, China offers huge competition to this company. and his suggestion was to not invest in this company.
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