The strike happened long back so it has nothing to do with the price right now it’s mostly profit booking and new entrants selling who might not be aware of the strike/seasonality of the business so a drop in sales looks negative to them and yeah also can be operator games.
The performance as per my analysis has been very good, Technically the topline should have been around 120-125 Crores which would be a 30-35% kinda YoY growth in the topline and the bottom line should have seen a 140-150% growth keeping in mind operating leverage and margin expansion.
The prices are volatile due to the relatively low 15k shareholders, 75% promoter holding, and lack of popularity of the company, So I am not letting this quarter decide the company’s fate.
Disclosure – Invested
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