Dreamfolks Services: A Timely Exit from a Falling
On April 6, 2024, I published a blog titled "Will Dreamfolks Services Become a Multibagger?" , where I expressed optimism about Dreamfolks Services Ltd., a leading airport service aggregator in India. At the time, the travel sector was riding a wave of post-pandemic recovery, and Dreamfolks’ asset-light, technology-driven business model appeared poised for growth. The company’s dominance in the airport lounge access market, with an estimated 95% market share for card-based domestic lounge access in 2022, coupled with its diversification into services like golf, spa, and beauty offerings, fueled my bullish outlook. I initiated a position in Dreamfolks Services at prices ranging between ₹450 and ₹500 from October 2023 to August 2024, confident in its potential to capitalize on rising travel demand and its innovative service expansions. During this period, I sold half my position at approximately ₹525, locking in a healthy profit. However, on February 10, 2025, I made the deci...