The obvious factor to the price stagnation are two
1. Delayed launch of Electric scooter (almost delayed by year or so)
2. IT raids.
For me personally, the delayed launch does not affect much, because economies at scale takes time.
But I am not inclined towards anything which messes up with corporate governance.
Though Hero has competent management and great history. the IT raids at the beginning of FY 22-23 was an off for me.There are lot of theories going on in market regarding IT raids, it's your choice to believe or deny them.
But as an investor, please get comfortable with it, else get out of it.
I follow simple principle, when in doubt, I am out. Thanks.
Updates:
Most of you asked about it's performance, but as I was off due to this https://betaideaz.substack.com/p/hang-on-before-moving-on, couldn't reply.
The obvious factor to the price stagnation are two
1. Delayed launch of Electric scooter (almost delayed by year or so)
2. IT raids.
For me personally, the delayed launch does not affect much, because economies at scale takes time.
But I am not inclined towards anything which messes up with corporate governance.
Though Hero has competent management and great history. the IT raids at the beginning of FY 22-23 was an off for me.There are lot of theories going on in market regarding IT raids, it's your choice to believe or deny them.
But as an investor, please get comfortable with it, else get out of it.
I follow simple principle, when in doubt, I am out. Thanks.