The price is down to Rs.790 from 52 week high of 1150 current PE IS 39. The fundamentals of the company are good, average sales & profit growth for last 5 years 25%, with ROE of 20%. The products of the company have good demand, management is also decent and after recent QIP net debt to equity also looks reasonable.
Can anybody share his views on 30% fall in price from 52 week high price of 1150.
In recent QIP the company has issued 1575000 shares @ Rs. 794 i.e. 5.4% equity. Can these QIP shares be the reason for sell off.
Is it the right time to buy ?
| Subscribe To Our Free Newsletter |
