Horrible numbers posted by BKT. As expected market reacted and beaten down the stock by 11%. I think it will see at least 40% downside from 52 wk high,to justify this numbers. Continuously margins are falling for last 9 qtrs. To me management is quite impulsive, from the day they reverted back the US plant decision few yrs back, I was keeping a close eye on this company. Later they proved their impulsive decision making flaws,by reverting back few expansion plans in India too. Company can’t do core business but their other expense up 12% qoq. Most of them I guess addvertisement and sponsorship for players jersey.
Disc : Booked out full after holding 4 yrs.
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