Many so called growth companies, such as mining, biotech etc., push up their share price through "News Flow", many of those "tranformative developments" seldom ends up as real revenue generators.
As far I'm concerned, I follow their presentations, forecasts and updates that validate the foolproof execution of strategies and business growth.
And the Piramal investment is the ultimate vindication for me.
Yesterday I was reading about the new focus from the Modi Government to have 2 out of the 10 biggest financial services companies in the world to be Indian company and so promote more NBFCs, which Findi will grow into with their PA-PG strategy.
My advice to those who want to accumulate more, which I am one of them, the next major announcement will be towards the end of this month regarding the FY26 outlook. Until then those investors looking for momentum will bring the price further down.
As always DYOR.
FND Price at posting:
$3.79 Sentiment: Buy Disclosure: Held
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