For Point 1
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Just change the word focusing to trying you might digest company efforts. If you observe their money minting business is still same so no need to worry as long as long not too much of cash is deployed towards these new verticals.
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This Point is difficult for me to answer
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Company works with Govt so receivables will be delayed, this is common across other industries
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Provision is also common but what % could be topic of discussion.
What worries me most is their exposure to political parties.
What if Govt Changes in Maharashtra ?.
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