I can’t say about the price trend from here. But what I could observe is that the price did not go anywhere in these 3 months but the market went up. The market had already discounted the delisting failure which was evident through the price action, especially in the last 15 days.
The only selling pressure that may come is from those who actively participated in the tendering process and I expect not more than 10% correction should happen from here.
How the promoter will run this business, I Don’t know.
Except for Gripe water, all products have no differentiation and thus have lower margins. I Don’t know about their leadership in ortho or animal division.
In my opinion promoters will in any case will have to think about the cash lying on the books otherwise it will keep hitting the RoCE.
In my opinion either an open offer/special dividend/Buyback is on the way.
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