Now the promoter is the minister in the TDP government in Andhra Pradesh. I believe this company might get some benefits from the government in future. The share price of most of the companies related to TDP (Heritage, ARE&M) increased drastically after TDP won the AP state elections and this one also appreciated marginally from Rs 75 to Rs 90. If it gets some benefits then the share price might appreciate in future.
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Nothing fundamental, just spray and pray strategy. Amara is in green energy / battery sector which has PLIs and can benefit from a favorable political affiliation, what’s the trigger for TGVSL?
Agree with you. As it is a deep value buy as mentioned by Dhruv Bajaj we can just spray and pray. The downside risk is very minimum, and it has high probability of getting some favors from the Government. This is similar to Heritage where nothing has changed fundamentally but stock went up crazily after election results.
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