They recently exited a venture for multibagger returns. The shareholders have not been rewarded. Most Reputed IT and FMCG companies reward shareholders with dividends.
Also, the profit attributable to equity holders is a concern vis a vis total net profit.
Finally, the promotion and advertising is lacking for its customer centric FMCG brand.
The stock price has corrected to half from highs in October 21 and the markets are valuing the company accordingly.
Just my two cents.
Disclosure: holding the stock.
Just my opinion based on recent events and expecting some clarity from the company from now. No buy/ sell recommendation.
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