Saurabh Mukherjea says that the revenue and net worth is fraudulent. Its best not to be holding such companies.
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Alembic Pharma is another such company.
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Alembic isnt south indian. He also said company based in South India.
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So have we come to a conclusion about which fraudulent company Saurabh Mukherjea was talking about? Is it Auro or is it not?
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Very likely to be Aurobindo. If someone can check its cash conversion ratio it can be confirmed.
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Aurobindo cash conversion ratio is above 100%. This could be Caplin too which is based in Chennai. Marcellus PMS exited from Caplin Point in last year. But then Caplin ratios aren’t that drastically worse than Aurobindo and is at 85%.
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I exited Auro Pharma after watching Saurabh’s video. I was already not happy with their Realty business and after having lost capital in companies like Satyam, Gitanjali, Yes Bank, JP infra, PC Jewellers i did not want to wait and watch in this case.
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Very good decision, no need to be run after a stock, pharma and banking are most dubious and complex businesses.
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