Freshtrop fruits’s recent breakout after creating base for last several quarters is courtesy this BSE announcement. This was the original thesis of the Freshtrop story and now that we have a definite time-frame on the launch of the beverage, I think the re-rating has hopefully started. Now, the market will start valuing the stock as a FMCG company. Valuations wise, this FMCG company is almost debt free, has a swelling cash balance and above all at 10-11 “trailing” PE there is great valuation comfort. Promoters have great execution capability and therefore, let’s wait and watch as the patience of investors is rewarded by the company when it goes on to charter newer highs.
God Bless !!!