I might get a chance to buy in 260s again afterall!
The results were bad and even worse than expected. But I think this would be rectified in Q3 and Q4.
Let us see what they say in the concall tomorrow. Will update in detail after that.
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I started tracking this counter recently. Did you find any answer to the resignation and related party transactions? Looks like the price will take further beating due to topline collapse and OPM volatility in Q2.
I think most of the fall is already priced in since the market was expecting poor results anyways because of unseasonal rains and floods dampening the RAC demand. The stock is already close to its 52 week low. I think it will find support around 300 before moving up again. But, it will become a great value buy if it gets locked in 20% LC tomorrow 
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