Now days in every shop we are seeing a Paytm all in one pos for receiving payments.they have invested massively into it . Weather it will pay them off or not is to be seen but their execution quality is top notch.
Deploying so many devices in all the cloth stores and footwear shops hotels across nook and corner of India is not an easy task. My respect to the Paytm management for this.
Disclosure: not invested.

No one is disputing any “finding”
I don’t know why he was suspended in the first place but that he was suspended put me off from participating on this forum

We don’t make the market, we try to interpret and take a trade. All views are just views, fundamental and technical. Your edge comes from position sizing, patience to wait for the trade, discipline to not jump the gun, taking small losses when you’re wrong
But ofc everyone knows that, practicing is difficult

Indeed this view might play also. If this happens banknifty will be in wave 2 during the time s&p is in wave C-3 or c-5 depending on how it’s drawn.

My reason for interest in this is not to be right or wrong. I have been a member for very long here and off late don’t post as much as my method now is to take swing trades in nasdaq stocks for most days and trade in index when opportunities present themselves

For indices I never keep a stop loss. However I hedge equal amounts when the wave continues and doesn’t terminate where I expect it to. Then take a profit on the next run while waiting for it to return the first trade or joint trade into profit. Some time I couple double hedge if the wave is likely to continue.

There is no right or wrong in technicals, only how you can use it to trade So I don’t force academic level of certainty on myself.

That is third party manufacturing , they were to complete total 3 partner site activation by Q3.

Hi @salonihemnani011 – Appreciate your perspective. I understand Lupin was de-facto saviour to tide over the BIFR situation. Me questioning the continuation of conversion/job work based business model was more around post BIFR phase. Company became net worth positive in 215-16 and was out of BIFR (SICA act was repealed in 2016).

Also, based on my reading the terms of loan from Lupin, first loan (3.75 Crs loan between 2012 -2014) was helping them from working capital (at least debtor days) since the 50% of the loan was getting adjusted against ‘conversion charges’ invoice. However, the second loan in 2017-18 for ~2 Crs. did not had the clause of loan being re-couped against conversion work. In that sense, my guess that it was not much WC accretive.

May be, it has to be looked at in context of the unstable history that the company (unfortunately) had, China choaking entire fermentation industry and the sheer market dominance that customer had.

Nevertheless, a positive sign if management is making some bold and decisive moves while being conservative and resilient for a very long period.

Thanks,
Tarun