Dear Hitesh Bhai,
I am fairly new here and want to understand what would be the reasons behind why Torrent the stock is not reflecting all the good results / news which have emerged over the last few months.
What is the usual trigger that pushes a stock like this suddenly into orbit? I would have imagined that usually the steep upward movement comes when funds / institutional investors move in and start accumulating in a big way.
If that is the case i would have thought, a stock like this with reasonable coverage and positive news / result flows and especially with a much lower pe ratio compared to its peers would have come into the radar by now. Especially in a time like this where the valuations of usual favourites appear stretched and the funds are looking to find value elsewhere to park all those new cash that the mutual funds have received in the last 12 months.
Or is it an indication of something amiss in the narrative? For example I read that Satyam was always traded at lower valuations compared to the other big 3 for years before the scandal broke out. So has the market or the big movers in the market had known that something is missing in Satyam even though they were not able to point out exactly what the problem is.
I am by no means suggesting that there is anything wrong with this script. I am just trying to understand how and why the trigger comes.
Thank you for your contributions to this thread and to VP overall! It is much appreciated!
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