The current state of the overall Indian market appears to be somewhat overvalued, with even individual stocks reflecting valuations that exceed their fundamental metrics. In light of this assessment, I have identified more compelling investment opportunities within both the US and Indian markets, ones that I have a higher level of confidence in. As a result, I have made the strategic decision to realize profits from this position and strategically reallocate capital to these identified opportunities.
But I'm well aware that there is potential for further upside move in this stock before a selling pressure might come in.
Closed the position at around 26135.60 INR.
Booked a profit of about 8.97% of the capital allocated.
Previous analysis of this stock is attached along with this post. Do check that out.
But I'm well aware that there is potential for further upside move in this stock before a selling pressure might come in.
Closed the position at around 26135.60 INR.
Booked a profit of about 8.97% of the capital allocated.
Previous analysis of this stock is attached along with this post. Do check that out.
