Anybody tracking this now? A lot of things have occurred since the last message posted. Ashish Kacholia and Group entering. Winning orders until their Bahrain Business which won 360 cr worth of orders for next 5 years and their investor call where the CFO is extremely bullish while their CEO remains conservative (both being Husband-Wife) and the management’s trend to understate and overdelivering continues. Share also tripled in last 1 year.
Till the point it received Bahrain orders it was very overvalued and at CMP I Still feel it is overvalued. Any views on discounting the future income and getting valuations based on that?
Disc: Now holding a very small quantity. Sold major chunk in October 2022 and Jan 2023. Holding the current quantity since June 2021.
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