Book value as of 31st Mar - 722/share of which Mutual Funds are 565, current market value in MF should be close to 600. But for the 24.1 Cr profit booking in MF in Q2, company would have barely broken even on a turnover of 48Cr.
Promoters are neither interested to sweat out to improve their top line or share the bounties (MF gains) acquired from the market without sweating.
Happy to have reduced my holdings significantly to position in better quality stocks, leaving a small portion for a revival prospect in future.
Will consider adding if and when the stock quotes below its value in MF holdings, which can be a realistic prospect before a meaningful recovery sets in.