Hello All,
As per the data from LT foods:
- Despite having good results - stock price is down due to 2 reasons sales grew (8% YOY) & Auditor change. Is there any news i am missing?
- CWIP(102cr), raising commercial paper (500cr) is this for Africa Soya meal, Chia seeds business? Is it high gross margin organic business?
- Do you anyone think Daawat basmati business came to saturation zone?
- Management is doing capex toward new organic business (Karikari/Biryani Kit/Soya).
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