There are many a lessons here on the randomness of markets and how there is no holy grail.

1. Someone who liked the stock and was out of it because of pledging (normally a bad thing) would have lost out on the great run the stock had in the last one year.

2. It did not fall on bad news which is typically considered good for the stock and then we all know what happened.


I think these maxims work as often as they fail.

The only thing that seems to work in my experience for a good business and it all comes back to the basics is an above average ROE without using much debt (except financials ofcourse) - just avoid businesses earning sub par long term ROEs and you will save yourself a lot of money.

What was the ROE of Gitanjali?

Originally posted by prabhakarkudva What was the ROE of Gitanjali?

Roughly 10% as per moneycontrol data

story over.