Have invested in this post pandemic , mainly depending on the experience of the management. Not sure why they are not able to break out of this range over the past 1.5 years. The latest NPA sale was a disappointment in my personal view as I had placed a good amount of trust in their words about their collection rates etc.
Still waiting as I feel they have good room to grow - e.g. main focus is only east. Guessing that the GRUH synergy factors have not yet come into play.
Am going to track/follow for 2-3 more quarters before deciding.
- Disclosure. Invested. One of top %ages in my portfolio.