I was mentally comparing Antony with Krsnaa Diagnostics today for the only reason that they both derive most of their revenues from B2G contracts, there is of course no other overlap in both the business. So when I look at both the companies, the market is valuing Krsnaa better than Antony even though Antony has better RoE and RoCE.
And another thought that stuck me was the recent events of Krsnaa wrt the income tax search. I saw some commentary hinting that you could not win business without “blessings and prasad”, so was wondering would that be true for Antony as well. And if yes, at some point in future the similar events could unfold in case of Antony too.
Thinking what to do.
Disclaimer: Invested
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