Couple of years back, the March 2022 quarter was a bad one for the company, with fall in profits YoY and QoQ. The stock corrected and languished at those levels for 6 months. All this, while the management had expansion plans and was targetting the 2000cr sales target in the upcoming years. Sometimes while tracking the yoy’s and qoq’s we miss the forest for the trees. Especially when we have followed/invested in the company for two years or more and know its upcoming plans. The company has had a significant uptick in employee expenses and depreciation. Assets under Property, plant and equipment has gone up from 380cr to 675cr, indicating a significant expansion. I think we as investors need to give management the time to execute and be patient. Of course it all depends on how well they execute. Now if we start wondering why the stock fell 15% and not 5%, it’s a problem that needs to be handled by daily price watchers, including myself.
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