I have exited SYNGENE as well due to Funding issues will look at it post December 2023.
I think its not just funding issue from most of the concall I hear such as LTTS, SYNGENE – they are reducing margin which shows that the financial strength is not well present.
Secondly – I am hearing from US – IT companies that the hiring is no longer present at this time and they are having attrition there…
Given banks will have pressure build up based on NPA & GNPA from the COVID levels – this gives me so much uncertainties.
GABRIEL – I have exited – am thinking the demand will be low due subsidy cut
Disclaimer : This is for educational purpose and whatsoever discussed in my thread is not a buy or sell recommendation.
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