@hitesh2710 ji, thanks for your inputs on Banco earlier. It has given decent run up to around 480 levels now, however i am concerned with the built up in inventory in the firm to the extent that Operating cash flows have turned negative. Also management has borrowed (it seems on the strength of their inventory, since amounts are similar 274, 272Cr) and paid dividends(200Cr) this year. Also valuation wise it seems to be trading at the higher end now (EV 9+) however on the positive sales have grown at a healthy 12%+ for last 5 years and OPMs have also trended higherto 16%. Also FIIs have started buying into the stock. What would you advice for existing investors.
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