remember that mejority of the orders only come from gov as subsidises pumps… India’s farmer land holding it too low for farmers to afford a 3 lakh solar pump… as they also get free electricity so organic demand is almost non existent apart from few large farmers…
their RM prices have collapses ie steel and solar modules… that also helped them expand margin…so their margin is unsustainable…
this is clearly a cyclical stock…
any where gov is involved sector becomes cyclical …
| Subscribe To Our Free Newsletter |
