@Sunit_Das
I generally do not provide my opinion on stocks that I do not hold (Praveg, for instance, I do not hold, but I am tracking it). However, with your comment about deploying a significant amount, I am concerned, so I’m sharing my thoughts. Please keep in mind that I am not an expert and do not hold this stock, hence I may have biased view.
- Three years ago, the market cap was 16.7 crores, and now it’s 1171 crores. 30-40% growth or good prospects is as per me in price.
- According to screener data, the promoter seems to be selling a substantial portion. In 2020, they held 74%, and now it’s down to 56%. If there is no explanation for this, one should be extremely concerned. My number one criteria for buying or holding a small-cap stock is promoter activity. I maintain distance, regardless of business aspects, if the promoter is selling, especially in small-cap stocks.
- The recent resignation of Paras Patel is a significant development. In my opinion, he was a key person. It’s essential to investigate the actual reasons behind his departure and assess its potential impact.
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