at 30% tax, it is actually almost 34% tax because of surcharge …so, at 65 price, it is more like 8% for the above 2.05 taxable…but, who else is giving post tax 8% !! obviously, it is still respectable and that is why, perhaps it did not tank, in comparison to the horror tale in REITs and even the ever reliable Indigrid.
With one HAM project, I expect some minor uptick in distribution in coming quarters…Look at ever increasing auto sales…people will drive, even if the roads are choked…with replacement policy coming (it is for Govt vehicles but will slowly happen for everything…and people will be on roads)…all said, who can forget the free fall from 100 to 27 between 2017-19…so, risk is always there !!
PS – Holding
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