Hi Kalpesh,
Thank you for informing us - booking profits is always a good feeling.
Been following your thread & postings since beginning.
Bit surprised about you booking out of Time Techno though - I’ve been invested since 2019 (in hindsight didn’t buy as much as I could have during Covid lows), but kept buying even at 110 till 70 or so in March 2023 for a ~68 average cost.
While there’s news about competition for CNG Type 4 cascades (exclusive growth driver for next 3 years), I’m thinking:
- Competition is ~2 years away from commercializing, as they need to be certified
- Market is probably (or will get) large enough to accommodate another player.
LPG Type 4 has potential, but has visibly stagnated - going by last 2 years, best case scenario is repeat of current IOC orders split between Supreme & Time Techno.
I’d think Cascade business carries a bigger potential risk than any recent price action which I think is still lagging FY24 growth (assuming a 4-4.3 EPS for Q4).
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