The stock has entered stage 4 on weekly charts after a long time. Big players have decreased their stake in the company in this quarter. Also, green field capex projected for the FY25 is over 1000 crores and due to this margins are likely to take a hit in future. I was checking last year’s PPT and the management projected a capex of over 1000 crores for the FY24 as well. However, combined fixed assets and CWIP on the balance sheet have increased by only 570 crores compared to last year. Please correct me in case I have missed or miscalculated anything.
PS : Invested and have lost 28% gains in the last 3-4 months.