The market is currently on a high, and everyone can see this. An increase in allocation from DII’s, FII’s, and retail investors has taken the valuations up. This rapid climb suggests that a bit of a healthy correction might be good for balance.
Carraro India turning the corner, offers an entry point
The company has in-house design and manufacturing capabilities. However, it historically has a lower operating margin before depreciation and amortisation (Ebitda margin) compared with peers.
December 23, 2024