Things definitely weren’t as bad as the market reaction.
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Cash flow is very less compared to Operating profit because more than 50% of profit it stuck in Inventory and receivable. Is this something worrisome ?
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Got approval for Karnataka.
Waiting for clarity on IT raid, and trend should resume.
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Wondering why the RAID has been done in those states where there were election. No clarity on if anything found or not.
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Sometimes, no news can be good news. What are you expecting to hear from company or the media? That nothing significant was found?
Company would have needed to inform exchange, and there would be news in paper that oh 100 crores black money recovered etc. to create hype, in case of any major findings.
Don’t be worried of your investments, set up alerts on screener, and take decision accordingly. Let’s not speculate anything.
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