Not only caustic price but management approach for shareholder also not that good. After so many years of profit and also abnormal good profit post Covid they just paid 10% dividend that’s 10 cr rs. Out of that they will get min 6 cr for their shares. Also they will get 1% remuneration , approx 23 cr on 2300 cr turnover. Investor were taken for ride in spite of standing with them even in bad times.
So best approach is to play on value. Better to buy only when it’s available at dirt cheap price .
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