While this may be true, there’s no way to confirm that.
In addition to this, the earning performance needs to be tracked.
In Q3 Fy24, the management said that the drop in PAT because of increase in marketing expense ~8cr. This may also mean that the co. has cut down costs just before IPO to inflate the profit. So, we need to wait and watch how the earnings pan out in next few quarters.
Currently no plan to buy or sell. I may decide based on future earnings or price action or If I find any trigger
Disc: No Reco. Holding with ~2% weight
Praveen
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