I have been tracking this company for more than 12 months now…two main problems
- Annual reports do not give any worthwhile input
- Float is very low which results in wild swings in both directions.
If some big player buys out the business (like Tata bought Tejas), this can get re-rated big time…But that is just hope (and hope is not a strategy).
I have token investment for tracking purpose. It is a capex heavy industry, and depreciation will also play a big role here…Let us hope management starts sharing more information going forward to help build enough conviction.
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