Thank you for your reply. I believe there’s a reason for the difference in valuation between Ashiana and the biggies. Some of those big players are able to float even in the current troubled waters. Look at Godrej - They are able to sell anything that they launch within a span of a few weeks even today, probably because of strong branding and past track record. While on the other hand, Ashiana’s bookings remain poor, and they haven’t made good progress in majority of their under construction apartments. Please also bear in mind that Ashiana still has about 6.2 lakhs sq ft of unsold area in those projects that have already been delivered (total area in those projects: 42.9 lakh sq ft).
I’m positive about the long-term prospects of the company due to its unique positioning within the sector (senior living, no speculation on land etc), & ethical management, and that’s why I’m holding on. It’s just that I couldn’t understand the current run. But, I agree with you - improvement in bookings can be on the cards in upcoming quarters.