Not surprised. With the power need not just in India but abroad, the company should have a long runway of growth. They have a big order book and are amongst the few who aren’t backlogged for years (per their concall). Management also expects margins to tick upwards and they’re actively pushing in international markets now.
Disc - Invested from lower levels.
Company updated -
Gift of share - from promoter to another director(may be relative to director?..not sure) ~9% changed hands within promoter group. >https://www.bseindia.com/xml-data/corpfiling/AttachLive/4f0f7732-d42b-45de-a2a6-1cf1fb1cc601.pdf
I think it might not be important with respect to performance of company or stock ! if anyone has came across such “stake gift” and can share their experience with similar transaction ?
