According to Mr. Peter Lynch's strategy, when a stock is trading below its recent / all time high but is producing its highest ever income, that its a good place to buy low, and then sell high.
NSE:BSOFT is a small cap scrip trading at Rs.318.3 which is 45% below its all time high Rs.585.85.
Revenue is growing, income is growing, dept to asset ratio is less, PE ratio less than sector's, so fundamentally & financially strong. Price fall might be because FIIs are booking profit in this scrip, from Jan 2022. Which is affecting all IT stocks, especially small caps.
Since NSE:NIFTYSMLCAP50 index need 23% rally to meet its all time high, there is a high possibility of these strong small caps to rally too. So it would be a better entry price to hold till this rally.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call.