Hello Surender,
I agree with your assessment of the management and the management has done poorly on almost all business aspects from operations/sales/marketing/strategy and even capital allocation. What makes me stay +ve on the company are emerging large opportunities on the electronic/railway side and the way they have deleveraged their balance sheet. In my experience business momentum takes precedence over everything else and sometimes when management starved of capital gets access to it a lot of past ills get fixed. It can also go otherwise where they squander these opportunities and that is a risk I am taking.
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