Great work @startupfundas for keeping us updated. I was sceptical that they would respond, but they did.
It looks like PEL’s write-down sage is never-ending, but the management has a point as well (if you want to believe them).
As per the last call, Jairam mentioned that the company is not evaluated on SOTP, and the market is not giving any value to other unrealised assets. Hence, they are completing writing it off and starting a book fresh. This is again chicken and eggs situation. They are writing down assets, hence the market does not believe it and visa versa too.
Hopefully, it will be majorly over (never say never for PEL) this year. It looks like they will do another 2/3K write-off in Fy25; hence, there is no trigger for the stock for FF25(CMP 820).
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