Have been following the company. Sales have stagnated – order book in at 450crs in low for such kind of companies – where delivery takes a long time. Recently they wound up the US subsidiary – not sure if they were not able to get orders or they will supply directly from India.
It seems like a wait and watch as company doesnt have share any info thorugh investor presentation / investor concall. I would wait for numbers before investing.
Disclosure – have sold my holding.
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