In-spite of management projecting flatish topline for FY25, stock price is still holding. Ideally this information should be factored in the price by now, though if there is a severe correction in the market, what would happen to an expensive stock is anyone’s guess.
While the management has been conservative and delivered above their projections in the recent past, I am unable to understand the rationale behind two things mentioned in the AR-
-
For EV trucks, HBL wants to go on their own instead of tying up with any existing OEM. Not sure how this will pan out – B2C success heavily depends on distribution/dealer network and service capabilities. Not sure how HBL will be successful here.
-
They vaguely mentioned about private equity being a new business avenue for them . I seriously hope HBL does not get in to this. Engineering and PE are two different things altogether.
Disc- Significant holding from much lower levels
| Subscribe To Our Free Newsletter |
