I believe company is good and follow cookie cutter model. They can replicate established model of production and distribution to many cities. After last quarter result stock price popped up and stays at around same price. It happens, when company report good numbers but stock price do not react to earning to fill valuation gap. It happens to me in Syrma SGS Technologies. Two quarters good numbers but stock price stay at same. However which 3rd result it just blast. We need to be patience with these types of good, high growth, small companies where growth highway is big.
Disclosure: Invested in both companies and holding
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