I have sold Cadsys some time ago at around 200-210 range before the run up and dump face by the share.

The cashflow was disastrous from the start but PL was very good at that time (based on H1 FY 24 results). There is only one positive news posted by company somewhere in April regarding a hiring.
Press Release April 9th 2024 (nseindia.com)
The person is appointed as Independent Board member, so what would be actual impact I cannot quantify.

The loss of revenue of 8 million USD is a sad outcome for the company and considering their unsecured borrowings at high interest rates in USD, short term looks bleak. They have not written off the receivables, so it stays a question whether the management is willing to write off the receivables or create a reserve or do nothing and the auditor’s response for the same.

Meanwhile in the Annual Report the MD states that a weak and challenging Financial Year 2024-25 is anticipated.

Current valuations look cheap but considering the loss of revenue and a lack of cash flow generation makes the case very risky.

@ChaitanyaC , @Sudhakar_Subramanian ,
Many times we can learn from the mistakes of others too. Just saw a video of Invetsing Fool , who follows the same rank based strategy and he recently re-balanced on 15th sept, one stock which was sold from his portfolio in this rebalancing was BEL, which he purchased on 15th May and on 15th sept when he sold, he had zero returns, but that stock was at 54% up in july somewhere, but he lost all his gains, by the time the stock went down in ranking and left the portfolio. So my view is , if he had put , lets say 15% as a trailing stop loss, he would have salvaged atleast 30-35% gains, instead of losing all the gains.
I have given a thought whether to apply quantified trailing stop loss of 15% exact or it to be based on Moving averages , so to get some trending benefits. Will write about it in some while.

Source: @analystmohalla
(x.com)

Novice guy here I am unable to get an idea of an estimated growth , I understand that in the short term there is no growth but after the new plant is set up what kind of sales growth can we expect?

Everyone talks about portfolio diversity, how much is enough and how much is too much! See attached report for safety of portfolio I have selected randomly

What happens if you put all your investments into one basket?
If the basket crashes like bad ones-your money is gone, if it flies you will also fly. It is pure gambling not investment.
Investment should have measurable risk and measurable gain!

What about 2 baskets , 3 baskets, 15 baskets?
Combined yield of all baskets based on historical data is the right step to diversify. Historical data is a lagging indicator? Do fundamental Analysis and cash flow Analysis then select scrips that are good. Historical data use as reference guide to diversify but not as any indicator!

After that comes the real problem-

1. Does my good scrips always remain good? if my good scrip crashes how much money I lose?
   Don’t assume it is hypothetical situation, Jetairways was talking merger with Etihaad, it was having an upward momentum one day before it went down! Yes Bank, DHFL, Suzlon were at sometimes amazing performers!

Hence your diversity should be stock agnostic- means independent of stock you select!

If I look at NSE data – this data is clearly visible, last decade or more 10% of Large cap have landed in their bottom 5% value.

At present there are 284 Listed Large cap NSE scrips- one can approximate by long term data 28 of them can reach this bottom 5% value during next decade.

If you have one scrip in large cap, 10% chance it can be one from 28 bad scrip. This they call it as hypergeometric distribution in probability.

Don’t worry about that if math is not your cup of tea-
For Large cap if you have seven scrips with 95% confidence level one can say 5 scrips will be definitely good scrips. This is where your investment into multiple baskets can save you.

For mid-cap it is 40%, to achieve same level of safety you need 12 scrips. Then one need to balance portfolio based on minimum variance to reduce combined risk further.

Small cap it is only a growth accelerator based on fundamentals and price momentum as 50% of small caps reached bottom 5% in last decade. If you go for safety based on diversity, difficult to manage so many.

As you add more scrips than these numbers, your portfolio safety increases but your return on investment averages out not getting good results plus time spent in managing and monitoring becomes tedious.

I am attaching a report based on web-based tool to show how safe is this portfolio. I have randomly selected portfolio of 3 scrips- these are not my scrips -only for illustration purpose
var report AntsAnalyzer.pdf (160.9 KB)