KRBL- The King of Basmati rice

@ raky Buyback is one of the ways an investor can benefit but ut is not the only way. In my humble opinio Wealth is created only if you study the stock, monitor it, allocate wealth and sit on it for long term
There are few things going on for krbl

1. The buyback where the record date was 25th Aug after which you are not eligible for buyback of shares bought thereafter
2. There is ban imposed by govt on non basmati rice and recently have also put a 20% export duty on paraboiled rice, inspite of these the stock is trading near it 52 week high
3. Q2 is expected to give decent result as the procurement season is in Q3 and Q4 where the inventory levels will be high impacting the topline
   4.From 1st Aug 2023 govt has made it mandatory to sell basmati rice in packages so these regulations will elevate benchmark of basmati rice and help in increasing sales.
   5.Distribution is now setup in saudi arabia and sales expected to start from 15th August 2023 so 45 days of Q2 will witness sales numbers from Saudi too
4. Company aiming to distribute 15% of pat as dividends, also ongoing capex is around 200 to 250 cr and not to mention that if Govt decides to lift the export ban than stock price will witness a bug jump
   I believe that most of the people dont buy stocks from a buyback prospective, the long term returns matter if company is solid. Happy investing !!!