Hi,
Good points. I am also positive on the stock from a MT point of view.
Expansion may happen in current FY or may get pushed into start of next FY
depending on approvals to be received from Guj state govt. Pollution norms
are very strict in Gujarat which cushions it from any compliance shocks. At
the same time margins are bound to be lower than Vidhi who doesn’t have to
follow as much stricter pollution norms. At 40, I see it as mouth watering
levels and have added today too. Holding a decent position as of now and
willing to add more on all falls.
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