To be selected for PLI scheme for battery looks like a piece of good news to me although its diversification in unrelated business. Fundamentally its the cheapest it has been in past 8 years, but my issues with the company remains same –
#1. Promoter promises but doesnt deliver repeatedly.
#2. 0.2% dividend yield (5% of profits, and profits are not increasing yoy!!).
#3. Tax rate of 3% (biggest issue for me, I want to understand this point specifically)
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