Ikya biz model is similar to Addeco (Swiss co). They reported YoY growth over several qtrs even in a mature Labor market viz. Europe. There is a an interesting note on the stock by Prof Sanjay Bakshi (of Fundoo Prof fame) Pls do have a look. He also mentions Issac (CEO) as an Fanatic to get the EBIDTA margins up to 8% from current 5.7% levels.
Disc: Invested at lower levels and continuing now
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