On a big note, these guys are not at all investor-friendly. I invested in this at the IPO and am holding it till now, and I followed the company from day 0 of listing. Although the business has prospects, it is clear that promoters are misleading the investor community. I can give many examples on this note. The ESOP accounting in the first quarter itself is big news for the retail category, and the amount at which ESOPs were granted is very low, unlike the listing price. They don’t allow individual investors to participate in concalls, and the questions framed in concalls are prewritten. The profits you see are only due to the amount of reserves they had. The company has no dividend policy, doesn’t look at inorganic acquisitions, and I really doubt these ESOPs are addressed to the employee rather than the promoter family. And I can give much more bullets; there are more companies with good prospects and that are investor-friendly.
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