Johnson Controls-Hitachi Air Conditioning

I have already built up my position in this script in last 2 months and following are my thesis for the same:

1. Management change is completed ( Current MD & CEO is transitioning from his earlier company Schneider where he has done an amazing job in sailing through the COVID and fright challenges )
2. Available at a supply zone technically
   
3. Too much pessimism in the OPM%
   
4. Did not catch the market fancy which is perfect for an investor like me who prefers mean reversion ( Check the shareholding pattern and shareholders number )

Disc : Overall 7.5% of my PF