While I agree with you @aarti if we were just looking at the India business… the huge loss abroad is something that we need to know more about. Even without the penalty it will deplete all of the cash reserves if it repeats for a few quarters and there’s no white knights in the form of grants etc. At this point it would make more sense to give away the usa business for free! In times like this management need to come out and face the music and clear doubts… as of this moment it’s been a full 48 hours since the result came out and there’s no sign of an investor presentation or concall(usually its a 2 day lag so maybe there’ll be some info over the next few hours). If they think that just the one paragraph released 2 days ago talking about the year 2030 would give investors confidence then they are sorely mistaken. If there’s no presentation or call details over the weekend then one can assume management is hiding during the bad times and only showing up when things are going well. That’s a bad sign. Note that if they present/concall and explain the penalty and losses abroad then my fears would definitely be allayed. As of now things look bleak though considering no info from management and supports breaking left and right.
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