The company’s Heavy Engineering division has recently made a filing which shows they have been working with ISRO from past 3 decades and I am not very optimistic on this as its a B2G.
They should spin it off as per my views along with the Hotel business as both are non-core.
Coming to the core Cement business, they are mostly based out in AP and TS and both the states should experience heavy Infra development which may result in benefiting it. I have positioned myself with enough MoS to cover the downside risk. Let’s see if they start receiving more orders which may cater to the defence as well then it may become a candy to the market.
Disc : Invested and Biased.
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