Not losing any client is one thing but if a major client reduces the order sizes then that’s similarly negative for the business.
Not sure what the buzz is about the results, margins have improved, yes but we need to see them sustain in the coming quarters otherwise it may just be an exercise to keep investors happy. Management has clearly mentioned that near to medium term is uncertain and challenging. I really want to believe in the Pokarna story but it’s time numbers do the talking. I had a significant position in Pokarna which I have exited as I would rather gain less by investing on reliable strong signal then be hopeful and invest hoping that future will be good. It would have been a different story if stock price offered good margin of safety and market was in lower valuation zone but neither of that is true right now.
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