
Though all brokerages are lavish in their praise for Granules India, some heavy-duty investors are frantically dumping the stock. What’s going on and is there any opportunity for us to be contrarian and tuck into the stock?
Akash Prakash, ace fund manager, has sent a clear warning that investors are “deeply disappointed” over the lack of reforms and the fiasco over the taxation of foreign investors. He makes it clear that “India is not the only game in town” and that if this sorry state of affairs continues, there will be an exodus of foreign investors from India
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