had recently studied this company. few points:
- low margin high competition business
- has been making profits in past 1 year as sales have doubled - not clear how this has happened and whether it is sustainable. It could be due to some temporary imbalance in supply from international players. But not sure what is the reason.
- Expansion is large compared to current FA and debt funded. New product/ process.
- Promoter purchases are very small
- Price has run up from 15 in March 2021 to 400 currently. Profit booking will prevent price from increasing.
All in all it appears to be a high risk with moderate returns at best. Very high chance of price correction from here.
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