Hi Sai,
Roto was held for about 2-3 months, it was sold off coz I thought covid season would not suit it, due to delays in capex globally. Now, company seems to have a niche in specialty pump types where it can grow bigger at a good rate. Solar pumps is very competitive biz, the end-users are hardly interested due to subsidies on diesel and electricity. Govt tenders are unpredictable to a great extent. So, company seems interesting to hold but solar diversification seems like a red-flag. Maybe harmless though! I do occasionally glance at results, nothing more.
Subscribe To Our Free Newsletter |