@MorningStar Two vital fundamental changes happened in last qtr. are 1.Yuken Kogyo Co. Limited, the technical and financial collaborator of your company, has increased its stake in the company by 4.62% with a capital infusion of 62.90 crore in June 2023 (Chairman’s message AR) 2. Your company will now be setting up capacity to manufacture the complete range of products available in the group.This investment will fund the objective to manufacture for customers in India and also to capitalize on its competitiveness to manufacture for customers across the world. (MD’s message AR)
But multiple its trading at and past revenue records aren’t attractive enough as mentioned by Hiteshbhai
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