I came across this company while I was researching PVRINOX and the overall multiplex business. I observed some interesting things here. The promoter received about 27 lakh preferential warrants at a price of 130 (75 upfront + 55 once they convert the warrant to equity) with a time period of 18 months from July 19, 2022, i.e., January 19, 2024.
Mysteriously, the stock started hitting the upper circuit from late November 2023 (might be due to good results or something else) until January 19, 2024 (???), and from there it made a top around February 5, 2024. The stock was down 40% in about 25 days. Interesting!!! (Check screenshot)
Overall, if the company is able to grow its PAT by 10 (high chances if revenue grows by 15%, based on past quarters and cost-cutting initiatives), expecting a PE ratio of 20, the market cap will grow around 35% (from 399 cr to 539 cr).
Disclaimer: Not invested. The above are just observations and for educational purposes.
Screenshot 2024-09-30 at 11.13.33 PM|689×388
| Subscribe To Our Free Newsletter |
