Every one post message once share down by 10-15% and sit on sideline when share increase. The share valuation is high but promotors are buying from market. Big funds like Goldman and bofa have invested. This should be oportunity who missed it earlier. Valuation might be stretched at 1100 but future growth was also immense.
There is lot of competition in solar EPC and this is the reason for sideways to downfall move but the company have moat which is land and it’s IPP Business which will give them annuity and that is high margin business and management guided that it will be IPP devision profit will be higher than its current sales. Company have huge order book and company needs fund for it and that’s why they raise 1000 core. They even raise fund in begining at rs 40 at that time also there were same comments.
Disclosure- invested from very low levels and biased
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