Lets assume, the recovery would be better in Q3 as in past due to festive season.
Q4 would have more govt ad spending (year end closure) and education spending for admissions. we may see positive PAT.
NCPRS also closed and it would be matter of days for the Record date announcement ( or shareholder approval / any approval is due?).
Technically 25 – (12*25%)= 22 would be stock adjustment in Exdate of NCPRS. But market may discount at absolute level also. We cant predict collective wisdom here.
I believe, Dividend payout would start happen or buyback would happen post NCPRS. Company did not reward shareholder since listing (except bonus of 1:4 in 2020).
Holding with frustration against NCLT mumbai. (NCLT chennai cleared Sundaram Clayton hearing in 2nd time). Mumbai branch must be crowded for time slot.
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