The stock has reacted to better quarterly results.
@dhruva1705 Regarding your comments related to risks mentioned under annual report, my view is that a microcap company providing this much detail about overall industry structure and future plans of the company tells us a lot about management’s intention to take the company at higher levels.For most of the microcap companies it is very difficult to understand much about the business/future plans from the annual report.
However, construction of metro is progressing at a very slow pace in other cities such as pune, ahmedabad. Hence it will take much more time to tap the opportunity in that segment.