I agree with your statement.
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Secondary market is highly illiquid, Institutions (for strategic reasons) don’t want to trade. So Prices change on little bit of trading, some parties (like promoters before IPO) take advantage of that to pump & dump. Learnt that after burning fingers a few times.
So maybe price of Anugrah changed based on nothing XD.
We should only buy unlisted shares if valuations make sense to us as price discovery doesn’t exists.
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Trying to shed my fear of figures.
The financials look ok. Don’t they?
Hi Madhav, could you give me information on this broker?
Waaree Energies looks cheap considering its future growth potential.
- Trading at 40-45x PE in unlisted market.
- FY24 revenue of ₹11,398 Cr and a profit of ₹1,274 Cr, reflecting growth of 69% and 154% from FY23
- High ROCE and ROE
- Orderbook at 20 GW as of Mar 2024
- Market share at 44%
- 6x Expansion in 3 years
Disclosure: Invested recently via Precize
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