Abakkus Emerging Opportunities Fund-1 and Dolly Khanna have exited their holding. Does this indicate to sell the stock?
Also the company has guided lower EBITDA for Q3FY23. The company has no con call. I see some overcapacity.
In 2013 and 2014 the capacity of thin PET is 1.42 and 1.48 times the demand of thin PET respectively. It is likely to occur during 2022 and 2023 from the studying the graph.
The CMP is around 52 week low. While NCAVPS (Net Current Asset Value per Share) is INR 1,009.
Clearly the promoter Sanjiv Saraf is not interest to run the company. The company is giving high dividend which indicates that the company don’t how to use the surplus capital.
Global scenarios of higher inflation and generally high material cost looks no good.
I am still holding the stock from Nov 2020. I got 276 dividend per share till now.
I think about exiting the stock but the discounting the market gives pull me in to hold the stock. Is it value trap? Is the company short term future look bleak?
Anyone holding the stock give me some insights?
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