Agree and if they have underreported revenues (to save tax), that imply that actual Profits for the company would have been higher vs reported and on PE basis, stock is even cheaper (~30X FY24 PE)…… hope management has learnt a lesson in a very hard way and will put better financial/ethical controls and compliance in the organisation. This fall is definitely a great opportunity to accumulate (overreaction) and I hope this event is one-off.
On this whole topic itself, Management should clarify with IT department and should engage with investor community.
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