Been invested in this company for very long now, thought of sharing some interesting observations:
Quant mutual fund had bought a large qty of about 5.2% of the company, the fund has sold all of it in just 1 quarter and the whole of it got absorbed in open market without much impact on stock price. The stock price remained stable in this correction in small/mid cap space and came back to its highs
If one observes nos, last qtr saw some good growth after a long dull period of many qtrs.
The core numbers/profitability has remained to be very strong and so have been the cash flows. Infact co is becoming a cash cow and perhaps need to find avenues to deploy the cash flows in good areas else they might start becoming a drag in couple of years.
Ayush
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