Management has not been communicating, hence decided to exit. However they put some reason in the notes of the results letter this time. : “The Company has incurred losses mainly on account of inadequate recovery from sales using purchased
high-cost raw materials and fall in Camphor price”. Company is going through the extreme case of low camphor prices and high raw material cost. It may reverse, but that may take time.
Disc: Reduced stake to tracking levels.
| Subscribe To Our Free Newsletter |
