No red flags in this company. Management is honest, open and transparent. Their Nitrile latex plant is coming on stream at a time, where there is tepid demand for latex gloves. This is the reason why management feels margins would be under pressure for next 2-3 quarters. So its demand issue which every company has to face from time to time. Correction in stock price is due to weak hands exiting and will provide opportunity to long term investors to accumulate at attractive valuation.
Disclosure – invested for long term and accumulating at every price drop.
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