margin expansion being sustainable was’t confirmed by mgmt during my correspondence with company in previous qtr (indicated depends on product mix), however price action aligns to @basumallick views.
Cat 6 structured cable category seems to be doing well for them and could be a factor in product mix that played out over last few qtrs as institutional order – feelers from AR and some of railway tenders quoting Dlink as ref product.
Due to lack of mgmt communication (both pro active and lack of clarity in queries response) its difficult to assess company aspirations even though sector offers potential.
Have exited post Q4 results, stays on radar for agm communication etc.
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