There was a bulk deal in case of Annapurna Swadisht Ltd as per data below ( Courtesy: Trendlyne)
There was decay in profit in H2 comparison with H1, which may be ascribed to stangant sales in H2 comparion with H1, higher depreciation, employees cost, finance cost and other expenses. The increase in expenditure is quite normal for growing company.
Company is roping in professional management team.
For long term company seems to be taking right steps in right diection. Following pressrelease from company may be referred:
The increasing SKUs, geography reach is mentioned in following part of press release of company:
Comoany is envisaging demand recovery in coming months:
Complete press release are available at https://nsearchives.nseindia.com/corporate/ANNAPURNA_31052024140140_PRESS_RELEASE_ASL.pdf
Company is having market cap of Rs. 504 Cr. and having P/s ratio of 1.9.
Disclosure: Invested
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