Hi Srivastava,
Yes, I am still holding the shares. but, I am not so bullish on Gokul agro.
I think they are looking for inorganic growth – acquiring Maurigo (subsidary Riya) & JVL Agro. They import the cheap goods & do oil refining(based on cash conversion cycle). The sector does not have pricing power just 2 to 3%, even case with Adani Wilmar(3 to 4%). How much they can scale the sales from here(after 10Kcr)? Product demand(cooking oil) will be huge. Stock will move based on results. Management issues – Resigned director & secretary. Need to know more about the company & promoter. If anyone has information, please share.
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