I might be splitting hairs here, but here is what I can see from the monthly chart of the company. From the lows of 470 in 2014 June, after AP was divided into 2 states, and the new government is formed in the residual AP, price made the ATH of 1128 in 2015 August, 2.4 times in 15 months. Then the price went into difference consolidation phases. Price did not fall any further, despite the change of power in 2019 June, and then came the 2020 March fall, and the subsequent rise, and then again the fall from the highs of 1025 to 438, with the PCB issue, company wanting to move out of AP and go to Tamil Nadu, and the rise in last 1 year.
I don’t know how much of the price movements are related to the business of the company, EV theme, or any other tailwinds or headwinds. I have not the slightest idea. And I don’t know if the MP is active w.r.t politics or things that pertain to his company, or if he wants to contest the next term from the same party or another party. And of course, all of this has been and will be very well known to the participants.
Just providing an observation, had a position long back, not invested now.
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