With 30% operating margins and 106Cr out of 160 Cr free reserves sitting in liquid investments, I have not come across companies under 500 cr market cap matching its strength.
Today’s 17% drop with 22K shares however is a shakeup test to drive away weaker hands holding the stock.
It may not be of surprise if this flush-out continues all the way to 750-800 and leaving the onus on Q3 results for a meaningful reversal.
Without any guidance coming from management or investor friendly actions, price will be left in the hands of market that has no tolerance for slack in performance or patience for a turnaround.
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