The other way of looking at it is…when no one in the industry was investing in capex, this entity continue its capex spree…but that amount of huge capex never translated into fixed assets and largely remain as CWIP…Who knows if money has actually been spend or not or just taken out of the company in name of capex…
B&K recently 20 days, came out with a visit note on Prakash and potraying a super rosy picture…which is all futuristic…BUT THEN WHY HAVE NOT NOT RATED THE STOCK IF THE STORY IS SO BULLISH AND ADVISED THE CLIENTS TO GO ALL HOG IN BUYING THE STOCK.
There must be something which influenced B&K to held back its buy rating.
Governance I am not sure…how clean is the management…If somebody can throw light will be of great advantage…
Have not invested but eyeing it…
Just because Jhunjhunwala and Dolly Khanna checked in does not make the case stronger to buy…if the stock bust,it will have meager impact on their portfolio…BE CAREFUL and INVEST WISELY.