Since Vijay Kedia’s investment, the stock has been consistently hitting upper circuits, but with minimal trading volumes. Despite acquiring approximately a 1.5% stake, which at the current market cap appears to be around 4-5 crore INR, it’s relatively insignificant considering his extensive portfolio.
However, given the current high PE ratio of 52 and a substantial debt-to-equity ratio of 33, the stock appears overpriced and heavily reliant on debt.
Disclosure: I’m not invested in this stock; I’m merely observing its performance for educational purposes.
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