A company of 750 Cr Market Cap is looking to Raise 400 Cr in QIP and has a planned Capex of 500 Cr ! How Cool
It is also quite fascinating to see Management interest towards Share Price and almost 50% of Concall is all about their Share Price. The analysts too looks interested in Share Price only. Hardly anyone has questioned about their Business Model , their list of stores ! It is also funny that management looks at Moneycontrol Forum and gives clarification on Twitter…!
This company looks more exciting than the likes of 8K Miles and PCJ ! @phreakv6 Any Thoughts Sir !
I see that the management is interested in increasing stock valuation. I would consider this as a safe investment, if the management is able to bring this stock to 20 plus level.
At the same time, I am wondering why they haven’t been able to stem the fall. Surely, they are quite interested in stock price and might even be managing it.
Exited. This has seen a big big unexplained fall. Management is very doubtful. Members of the forum have expressed their doubts on the accounts on many occasions. Now their company secretary has changed 3 times in past year. (just see the announcements sent to the exchanges)
One CS lasted only 3 weeks.
Now director resigned, this is can fall in the season of scams.
Their dividend payout % has been falling from 30% and is now down to 5%.
One thing I learnt in my (expensive and short) investment history is to invest in quality.
This kind of direct reply is not encouraged on VP, we only share info and opinions. You have to judge for yourself.
But in this case, would encourage you to sell. Promoters have been fined before for round-tripping and insider trading to manipulate stock price.
All kinds of fantasy scenarios are painted and nothing happens.
There was a very short-period when some value-kind of glimpses were seen, but forget about it now.
