There’s a gap-up from the range 1091-1132.
Technically the stock may fall till this range before consolidating.
I’ve another question, why is market discounting it so much? There’s the revenue from the island which doesn’t come under Indian jurisdiction (correct me if I’m wrong). Is the market thinking that the island business is also not going to be good? Or perhaps there will be margin pressure…
Very hard to understand.
Disclaimer: Bought in the last 30 days. Not a buy or sell recommendation.