Worth reading and listening to all the information this company has shared in the past 3-4 months.

It’s a turnaround which if executed well then we’re looking at a massive runway ahead.

Undervalued with a good RR.

Early adopters can consider it, rest can wait for some momentum.

Q4 results & commentary will set the tone, and pace.

https://twitter.com/KarunaTx/status/1769707862777823278

kya faltu management ha no update from them its been 4 months now kush to update dana email ka bhi koi reply nahi dera ya log

Recently went for some scuttlebutt to some of the local dealer of safety shoes. These were stores which had multiple brands.

Mallcom is a brand that has been in the market and is selling under the brand Tiger for more than 15-20 years so every worker thinks that’s a good product. The brand recall is super strong but that is slowly fading as majorly they are doing hand-stitched shoes and players like Karam and T- Torp is changing the game by launching more and more machine-stitched shoes. Mallcom shoes get torn and the sole of the shoe also comes off (Surprisingly this was told by 2-3 suppliers which are multi-brand suppliers. So this should be a big question on their quality)

Karam shoes come in the range of 1300-1600 (Very high and good quality)
T Torp shoes are 1000-1200 (Mid price range and good quality)
Mallcom shoes are for 800-1000 (Lower price okayish quality)

There are players like Allen, and Tata (Tagra) but they are very premium and very expensive so if you give bulk orders the dealer can tell them.

Mallcom shoes are taken by workers who can’t afford higher quality products. They don’t understand that it will give them ankle pain in the long run as Karam shoes have a comfort cushion.

There are few spaces where certificates do matter (The distributor indirectly said to me we can give you whatever certificates you need which means there can be fake certifications by unorganized but not sure about this if this is a general market phenomenon as sample size is small)