I am following the stock.
Stock correction in price due to these reasons
1.Loss of business with one Major client
2.Decrease in revenue growth projection for H2FY25 from 20%to 10-12%.
3.Normalisation of travel trend after COVID boom
4.Monitoring agency CRISIL objection about QIP .
And correction is mainly due to valuation.
However management is known for conservative in nature.
Management guided that it won a big deal but can not disclose as deal is not signed yet .
It will work towards increasing revenue
I totally like the leadership under Mr Bhanu
I hold the stock… and may be biased.
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