1)It is extremely underpriced trading at a pe of 10 when margins are 15 to 20 % when cotton prices are in ther favour.i also see peers like rupa has started gaining as well ,it is hard to track cotton prices but maybe there may be a possibility of tailwinds in the future.
2)I think the prices fell because fii and dii were selling now according to screener only 4.88% shares are held by dii out of which most of it is held by lic ,they haven’t sold a single share since sep 2021.So i Guess someone maybe fii and dii starting buying as the volumes are huge.
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