Portfolio update:
Cashed out of Borosil renewables today. The removal of the ADD ,removes the certainty of selling whatever quantity they can produce . This means its no longer certain that they can sell their entire produce after the new furnace comes online . The margin will also probably reduce and become uneven .The company may even have to postpone their further expansion plans . Too many uncertainties .
I would not buy BR now if I was not already invested …hence having already made 5X here,it does not make sense to weather this storm for a very iffy 2x. I like and trust the management so will keep an eye on the developments.
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