FIIs have significantly increased their shareholding in the company from ~4% to 17% in the most recent quarter filing. Even as the stock is correcting more and more instituational investors are taking interest in the company. Very rare to find a 40% ROCE business at PE of ~10x. Such are the times. This interest from FIIs is interesting.
disc: invested; biased; not a reco
Ujjawal Kumar
WealthCulture - CIO
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