CO has been utterly disappointed with the results, as the industry, which is on an upward trajectory, had slight expectations that CO would give some better results. but this has not happened, and with an almost 1000 bps decline in margin, we would definitely see the pressure from the market. I doubt the industry is shaping up and not allowing companies to improve margins. I only hope that the launch of the Panchala facility is a trigger, and I’m not sure how this is materializing now.
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