The Shah family in the management have exited itself in 2018-19 and the independent directors had their one tenure complete and only one Independent director stayed for 2nd term.

Disc: Invested

Current recession in USA and Europe is the main reason for decrease in sales. Many companies exporting to these regions are also facing the issue. I would say, better to wait and see what the company can do once the recession problem goes away. Have patience.

All fair points. I am not sure about the relative underperformance of Aavas – unwilling to compromise on risk (positive) or execution issues (negative). Blaming tech issues for the recent growth makes me uncomfortable <tech change should not come at the cost of tens of crores and losing market share, they could have just run a pilot to stabilise the system before 100% rollout>

I would prefer a company that is willing to sacrifice revenue to limit risk, which is what Aavas seems to be doing. But I agree with you that there are so many good options in the sector, albeit at a higher valuation?

I know. But stock markets can be very irrational. Based on my observations, market tends to factor in any postive news in such a mayhem rather slowly. Same is not true other way round i.e. in a upward movement of a stock, if a negative news comes, market reacts immediately and tumbles fast. This weekend can prove to be beneficial in factoring in all such +ve news and thus next week, share price should recover. But as I said earlier, market can be very irrational at times, so let s see what happens.

Might be negative…

But hadn’t provided clear reason for resignation… need to see who will appoint & next auditor commentary

No Recommendation
Disc: Invested