Not able to share reasons on price performance since i relate it to supply/demand pressures that can provide us with both reasons to enter/exit. Banking more on their potential, good business developments and growth indicators for long term performance.
As for the IT raid, its an ongoing assessment and a long process. Currently there is no claim or demand outstanding from the IT department.
They have guided for FY22 revenue to exceed Rs. 3,500 crores and margins to be slightly better than Q2 which implies that Q3 & Q4 would be at least as good as Q2. My conservative guess is an FY22 EPS of 12. Their capacity utilization was 93% in Q2 and demand is strong enough that they are expecting it to continue on that high mark.
Bankers have released 100% of promoters pledged shares.
Debt to Equity ratio has reduced from 0.77 (Q1) to 0.56 (Q2)
Recycled Yarn can become a big opportunity for them in future.
Disc: Invested