Being devil’s advocate from new entrant/competition perspective, say if Reliance chooses to enter this industry!
- Low capital requirement, hence high ROE/ROCE. Doesn’t that means it’s easier for anyone to enter
- What are the barriers to entry in this industry? Is it Learning curve or Process or Political connection or longer agreements
Another point is significant reduction in holdings by both DIIs & FIIs. Promoter also have reduced stake by 1%.
Disc: Not Invested, learning
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