I note your views but have a different take on this. The lack of engineering degree does not make the person a bad owner, there are multiple promoters in the market who have made it big with a commerce degree. Vedanta is the biggest example.
The fact that he is the owner and face of the company, it makes him responsible for the statements done by and on behalf of the company. Just because he is purpotedly seen as a part time “employee” it does not absolve him of the performance. A qtr of good performance and he will be hailed. In concalls he is the one doing all the talking.
The results were below average. He has gone on record to keep saying multiple times that becasue of some accounting standard the profit is lower. How is this restricted to only Sealmatic, the AS is same for all.
Sending a business update when they win an order makes sense but sending business updates on the TAM is ridiculous. The best thing is that the market got the stock to move 10%. In the final say the collective actions of the market decide the price but the actions of Mr. Balwa, in my view, clearly show that he is trying to manage the price.
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