Avenue supermart is a combination of a good business with amazing management, everything is fine apart from the valuations. Whenever the bears will take over, we’ll see the impact on the price.
Historically whenever the valuations are so high, either the stock has remained range bound for a prolonged period or the price has gone down. A quick look at the market cap of various companies in retail sector we can easily figure out that valuations are super stretched.
Image Source:- Money Control
I need inputs from people holding it from IPO levels. Are you guys still holding or you feel this is the right time to book profits (as per the valuation parameter) and re-enter again when it is available at lower levels.
Disclaimer:- Partial holding at IPO price (Booked profits at 900 levels)