Hi Venkatesh,
I trimmed a bit around 1400 – 1500 (40% of my original position sold) due to valuations but continue to hold the rest. I track the company as I used to do earlier only. I think EV segment has slowed down quite a bit and we arent sure when the revival will come. However, there are other three segments which are expected to do well for them – alloys, domestic meter segment (which they earlier weren’t sure on the scale up) and the JV with Quadrant to manufacture and assemble Neodymium Magnets. Revenue scale up will happen with all these segments despite EV slowdown. However, margins might be lower than what they used to do. These three segments provide them a good opportunity to scale up considerably.
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