Hi @Chirayu_Shah , Thanks for the compliment and for writing in.
Regarding Shakti pumps, MH is the state with largest pumps being sanctioned under component B and Shakti has a 20% share in installation. Agree that there is a political risk associated in MH. On the valuation front it’s still relatively cheap at c.30 trailing PE. I would wait for the dust to settle post MH results to add/ fresh position .
Regarding Annapurna ,
I think Madhur numbers are not reflecting in H1 consolidated numbers . It’s looks good to me considering the overall slow down in the urban consumption . Madhur adds the fast growing sweets and confectionery segment to their repertoire and like you said their margins are better than Annapurna . I might add some more quantity in Annapurna shortly.
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