Good Q1 results. Sales increased by 20% and company has given guidance of 20% for the year. Margins are stable… hope margins increase once the new business increase volumes.
This seems to be the steady state growth and in case they are able to expand globally it will be a huge jump.
FIIs have been decreasing holding and DII increasing for past 1 year – I think the price stagnation was due to this change in hands. hopefully it will move up now.
Disclosure – invested recently and biased.
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