Results seem good at a glance on YoY basis. Don’t think it makes sense to compare QoQ results. EBITDA margin has expanded and topline has shown good growth. Only concerning part is the higher interest rates. Valuation seems to be very favourable right now. 350 Cr topline company available at market cap of 400 Cr and the pharam cycle seems to be turning. If anybody has more details on Fredun then please share. Would really appreciate it. Thanks in advance!!
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