Key Points
Sandip Sabharwal, asksandipsabharwal.com, says unlike some of the other managements on the two-wheeler side who continue to talk bullish when things were bad, the Bajaj Auto management used to point out at that time that market conditions are not as great..
So I think one has to take it credibly and the outlook thus improves for the stock as well as the company...
So when they talk of things like potential improvement in overseas as well as domestic sales, a good momentum in the festival season, as well as a pickup in the three-wheeler segment, which traditionally used to be the most profitable segment for them, we need to sit up and take notice because that indicates that the overall outlook looks good...
We want to understand if all the bad is already baked into the underperformance that we have seen from Kotak Bank or even from HDFC Bank..
It has always been an issue of how overvalued they got and now the valuation is coming back to levels which are comparable to other private sector banks..
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