Seems some operators hv entered the stock. Spoke to someone in company.They too are perplexed with volatility in share price but says their focus is on business only.
Sale is still happening at a brisk pace with inventory of only 1 week.Management has not sold a single share and their stake is a healthy 64%.Yuan depreciation may impact them a little but not to the extent market is behaving.Rupee is also depreciating.
Sale within India is specially good.Sales are happening to EU,US,Bangladesh and ROW.Latest automatic machinery has been installed.after taking into account the state govt incentive n TUFS effective rate of intt is only 3-4% .Expansion is happening as company is seeing huge demand for its products world over.
Management focus is on quality .They are workaholics yet they lead a very frugal lifestyle.
Discl- Invested since last few months.