All of us know about the cyclicity of GPIL business. There is no need to say that profitability will be affected if iron ore prices go down. But besides this, there are several other things to monitor, e. g. diversification, value addition, capacity changes etc.
Incidentally, buyback proceeds have been credited. Surprised to find that acceptance ratio is more than 20% in my case, where as less than 1.5% equity was bought. Stock was on fire intraday, probably related to this.
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