Not exactly true, please… Tejas was always known since over a decade (even when it was unlisted) as one of the most promising, innovative small company with its own patents/IP … After listing, its price at one time even touched 430+ in 2018…It was always debt-free, dividend-paying and with significant cash reserve… 2 years of underperformance resulted in grinding fall of stock price to around 90-100 rupees even before covid and covid market mayhem pushed this to 30s, and post-covid runup took it back to 180. There was no clue of any tata takeover till then. Once Tatas decided to take over, the price zoomed and rightly so. This is a major inflexion point as it resulted in structural change in the future outlook of the company – in terms access to markets, scale, tata ecosystem to tap for R&D etc etc. Yes, the performance in terms of numbers is yet to show but i think its just a matter of time.
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