I wanted to share some recent developments that have given me renewed hope for a particular stock. Despite previous setbacks, the management’s efforts seem to be paying off, and I’m optimistic about its future prospects. Here are the highlights:
CRISIL Ratings has upgraded the ratings on Series A1 PTCs and Series A2 PTCs issued by ‘Plutus 09 2022’ to ‘CRISIL AA+ (SO)’ and ‘CRISIL AA- (SO)’ respectively, from their previous ratings of ‘CRISIL AA (SO)’ and ‘CRISIL A+ (SO)’.
In FY23, the company’s PAT (Profit After Tax) increased to 77.92 crores, a significant improvement from the loss of 161.82 crores in FY22.
The EPS (Earnings Per Share) in FY23 stands at 47.84, a remarkable turnaround from a negative EPS of 104.53 in FY22.
The yield has maintained an average of 19% in FY23, up from 16.5% in FY22.
Considering these positive developments, I am growing increasingly hopeful about the future potential of this stock. However, I would love to hear your opinion and insights of others on this matter.
Disclaimer: Please note that I have personally invested in this stock over the past 3-4 years.
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