I think their concall is always the copy paste of what they say in the previous calls. “Added XX lac store area, fewer wedding dates, dont see Q-o-Q and next year would be great”.
It is because of this seemingly callous tone of the Management, that I am trying to figure out if this business is actually scalable the way I perceived it to be.
The Company has a very low free float and retail holds mere 3.5% odd stocks, maybe some Institutional holder is selling because the stock is down each day since it touched 1,460 on 8 Dec’23. It is down almost 30%.
The results are going to be bad for Q3 as well, looking at the consumption numbers but are they going to be this bad that stock fell 30% already!
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