@suru27
The growth has started to pick up in Greaves in last few quarters and future looks good with the kind of developments going on. The growth need to be consistent otherwise it may turn into a trap. It can be termed as the Case of “Heads i win , Tails i do not loose much”. I believe that businesses like this need to be bought over a period of few quarters looking at the performance. The big negative is that Bajaj is not their customer which is a leading player in 3 W space.
One more business of this league I have started buying recently is Banco Products which has started showing growth in last 2 Years and is available at good valuations. Here also , when i first bought it , the dividend yield was very attractive and i thought that it may provide support on downside but still it corrected 10-12% from my initial buy price. It was a good learning that Market likes to see the growth every quarter and buying such business over a period of few quarters is more helpful.