Dr Vikas
I am also tracking this stock and my anti thesis for taking a position are as below:
- 4405 crore of cash on books gives Margin of safety but till date management unable to find a better use resulting in low ROCE and is an overhang on the valuation.
- Reliance is a majority holder but have not shown any intent of integrating this subsidiary with their other business. This is biggest concern for me.
Still above are easily manageable and any resolution of above should result in further appreciation.
P.S-Not invested till date but may take position in coming weeks.
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