The Company intends to do capex of 350-400 cr/year. It will be Combination of brownfield expansion and debottlenecking.
I’ve written a detailed note on APAR some time back (APAR Industries – by Pankaj Garg – Pankaj’s Substack)
IMO, mostly the QIP money will go to gross block.
Technically I’m being patient with the stock as it is consolidating near its highs. Everytime it makes a new high and goes back. Lets wait for the sector rotation to power sector again.
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