I am glad that management came out and clarified everything w.r.t. the net debt situation apart from the points you have mentioned. They said that they are trying to become 100-125 cr cash positive which looks far fetched but achievable within 2-3 years. That selling by institutional players is understandable as they do have those requirements (learnt from “One up the Wall Street”). If tomorrow still it opens at lower circuit I will add more.
Disc. It forms 20% of my portfolio and my avg is closer to 300Rs.
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