Hi Guys
I am surprised no one has covered this company here on valupickr in detailed. Earlier my notion was all the companies out there are already mentioned on this forum
Okay let me begin by saying this company became a pump stock on Twitter last year. I started tracking and read about it.
- Consistent increase in Topline
- Mgmt in trusted - OP Jindal group company
- Sunrise industry - waterways, infrastructure
- Small equity - 5 cr
- TTM revenue 1200 crs and EBIDTA -150 crs
- Mcap only 400 crs
- Issue is high debt, that too is within sister concerns of the group.
Technicals
- 80 was its listing highs which got broken last year.
- Its in consolidation phase
- My reading is, somone is acccumulating big as the retail float is not much
Does anyone has information on company plans for diluting stake and placing equity to cut down debt ?
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