- Route came with IPO just 2 years back – it has domestic institutional holding and fimilarity from day 1. Tanla has none. It has literaly zero holding by domestic institutions, except in Index based fund – where the funds have no choice.
- Route management and investor relations is very pro-active and investor friendly.
- Route’s business is relatively easier to model. There is nothing “Wise” there :-;
- They are clear to do acquisitions and grow. Tanla is adamant not to. Crazy
- Route doesnt have dominant position in Indian market either NLD or ILD. Hence they are not likely to be hit as much as Tanla, when someone does something disruptive on pricing.
- They did not have a meltdown last quarter.
- Timely buyback helped prop the price in a very difficult period.
- Management has given very clear topline and EBITDA guidance. I believe they are very much acheivable – at the very least the topline. No Rule of xyz here – straight numbers.
Hope this answers your question to some extent.
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