i am surprised at how retail investors are still buying the stock.
Business model has broken down. Revenue is 1/4th losses.. and no hope of revival. still price is 88 and retail investors are buying !!
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I saw lot of optimists in the Q3 Concall, everybody is praising the management for their commendable job for degrowing revenue by 84% and posting 8cr loss.
Management promises of international deal closure is myth since the listing, how can we believe now until unless they come up with press release of deal closure.
Business recovery would take 3-5 quarters in between there could be some deep dip.