InvestorQ : As the market is very bearish should i hold this stock or move out by booking loss And which one is good stock for long term
Praful Sarang made post

As the market is very bearish should i hold this stock or move out by booking loss And which one is good stock for long term

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Anushri Vasa answered.
3 years ago
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The good thing about the company is that it has consistently operated at around 12% net profit margins and that can be a good justification to sustain current valuations of around 35-times earnings. The interesting thing is that it has a fairly large share of abrasives and hence it gets valued more like a commodity company despite having a strong franchise in the ceramics business. That rethink on the business front is something you can eventually play on.

The stock has corrected and is now quoting at around Rs.323. You must remember that as an investor you don’t need to worry too much about the bearish and bullish market. This is an opportunity for long term buyers. This is the company is part of the reputed Murugappa group of South India and this could be a good stock for the long haul.
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