I feel the concerns raised are fair but reflect only some aspects of business. IHF management has expressed their dissent and market also seems to have digested the rating change.
IHF current management has been very conservative till date and rightly so considering the reputation of old promoters. I fail to understand the rating downgrade by CARE now and not in last 2/3 years when situation was far more worse. Seems some big players have shorted IHF and looking for opportunities to cover by influencing some News.
I will love to see them getting trapped as in that scenario movement of IHF from 175 levels to 215 level will be very fast.
I being a long term investor am always looking for any opportunity to add below 170 levels,
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