Dont agree with this de-worsification in my books when the EV wave which fundamentally changes the way Auto & Engineering landscape is fast changing , is staring them right in the middle & during such an imp. transition time in the Biz cycle the co. thought it prudent to venture into highly complex space of CDMO . I would love to hear mgmt views on the rationale which from the looks of it doesnt inspire any confidence . Mgmt bandwidth is always stretched if you try to get into any unrelated biz & this is a classic example of that .
Will be watching the co. closely in the coming Qtrs to see what shape this venture takes but my first impression is negative for the co. !