Though the Kavach TAM is big pond but with entry of MNCs like Siemens & Kyosn no of fish is also increasing and will be interesting to watch the development.
It will surely gona affect existing player ,specially player like kernex who solely depend on Kavach revenue.
https://twitter.com/equitybyaadi/status/1730082127151022257?t=dqVamjxmw4VgbrnAEn7DDg&s=19
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