Stock has corrected mainly due to increase in Coal prices and also reduced demand because of shortage of river sand. I feel it is a good time to enter because
- With real estate and infra pickup post monsoon, the company will definitely announce a price increase soon . This will offset the increase in coal prices which has impacted all players. River sand is a temporary issue which surfaces every year
- They are slowly shaping their company into a building products company - with addition of bison boards, doors, RMC and now modular containers which could be used for making toilets in a big way. See the announcement below :
https://www.bseindia.com/xml-data/corpfiling/AttachHis/3bcdb101-2b02-444a-8115-cb0299ec194e.pdf