Welcome back to my channel, The 8th wonder of the world.
I’m going to talk about a retailing company which had bad quarter results but is run by solid management and there is an opportunity to buy shares of this company at a lower price.
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Description:
Its Industry type is: Retailing
It is also into Combined facilities support activities
The company was incorporated in 2017
Headquartered: Kolkata, West Bengal
Market cap: Rs 694.00 Cr
Microcap
Individual Superstar Investor Damani sir has raised stake in this company. I know it not good to follow the investment. But the company is in retail has which is can give good returns in long term basis, as I believe the consumer space will expand
Debt-free company
The company is for investors who have an investment horizon of 3 years. I like to apply for the Mohani Pabrai thought process of 3 years. This applies here for the individual looking for investment in this company. The stock price might provide an opportunity to enter at a lower price as the company has not done particularly good in recent quarters in terms of financials, but it is a value buy.
Huge delivery buying after the price has corrected so much can be an indication that individuals are adding the company as it is available at a lesser cost. The company has done badly while all the companies in this space have done well especially Dmart and Vmart and even Indiamart. All these companies are good to buy even at these current levels.
One of the best books I have read, Benjamin Graham on value investing, "The Intelligent Investor". I would suggest you all read this book to avoid investment errors, it definitely helps to develop own strategy for long term investment. Below is my link which leads to Amazon, you can read the book to increase your knowledge.
The Dhandho Investor: The Low-Risk Value Method to High Returns -
Think and Grow Rich: 1937 Edition Audible Audiobook – Unabridged
In another book by Peter Lynch, his book elaborates on the many advantages that an average investor has over professionals and how they can help them reach financial triumph.
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Disclaimer - This content is intended to be used and must be used for educational purposes only. Please do your own analysis before making any investment based on your own personal circumstances and consult your financial advisor.
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