Growth, good results , capex plan And positive future outlook of contract manufacturing are taking this stock price higher.
Irrespective of sectors i have noticed Market gives High valuations to Growth stocks.
Astral, varun, berger, infoedge , Asian paints, Jubilant n so on .
Till growth is intact n continuous increase in profit, quality management it will keep commanding high valuations.
At present Growth investment is the theme .
Wen growth gets muted valuations fall n stock laggers Eg. VIP Industries, Quess
Yur bet on Hindustan food If it’s for short term then no issues in booking profit .
But wen fundamentally no change And stock keeps making new 52 week high I personally Hold .
Btw Acrysil LTD is another contract Manufacturer .
It makes kitchen sink for IKEA