Before q2 result stock was trading at Rs 1100 level now trading at Rs 785. As someone pointed out that receivables increased to 1012 cr and negative cash flow are red flags. Are these two factors so strong that stock will correct 30%? In last 2 months they acquire Kashmir Chemicals also which will increase top line by another 100 cr. I just want to know is there something else is cooking which a common investor is not aware?
A company with a ROCE of 34%, ROE of 45%, PE of 9, CAGR of 45% is beaten down so much that too in a mad bull run is unthinkable.
Appreciate any valuable input.
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