Concall is out. Even my feeling is that the stock will be under pressure as land is not decided as yet and post that expansion would take 15-18m to start production and then further 1-2 years to start throwing some meaningful numbers.
Management said that 10% growth in Quartz was still possible in this year while sayin that Q2 would be almost equal to Q2 fy17. How are they going to achieve 10% growth really beats me.
Who knows what the competitive scene will be 3-4 years down the road.
Land is problem, Refinancing is in problem, Granite continues to be under pressure.
Don't hold any shares now, will only consider if available around 900 where the long term trend line support will emerge.