Hi Hitesh Bhai,
What is your take on Allsec as the fundamentals are improving but there are sectoral headwinds and low sentiment for IT stocks. One has to wait and see how it is performing over time but do you think with pe below 10 there is still significant downside in the stock.
Also they have not paid taxes due to accumulated losses. Next year they have to pay tax as well. The accumulated loses as of 2016 is 28 crore (net deficit in statement of profit and loss) so at least that much they need to accumulate before paying taxes, yet they have to start paying it.
Overall, this makes a case for a stock which is performing well so far but is down due to sentiments. A pe below 10 provides margin of safety. A recent run up and fear prevailing in market may cause people to book profits and pull it back further. Isn't it not a case of buying more if the fundamental remains strong ? @hitesh2710 views invited.