hi, i take your points. thanks for the insights on other govts actions
despite govt spending, i do think that there is a very real risk that the govt can reduce RITES’ margins to save on its costs (40%+ margins in consultancy and leasing are rich pickings). The same has happened earlier with BEL also.
for me RITES is more of a value bet and not a quality play at all. was curious to know, what would be your top end for holding on to this company?