Hello Sir,
I am new to this. can you explain the rationale behind 4x rise,without corresponding increase in profits or expansion of capacity. The company has not posted profits for last 5 years and the negative book value increases every year. The promoter needs to plough in money to keep the company afloat.
If you look at the market cap which may be low viz a viz sales but I sincerely wish to know the triggesrs for the stock.
regards
Eatsleeprepeat
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@HARDWIRED_AMIT, Nothing other than Technical. Technical Shown that its a buy for Longterm that's it. 470 is not so Far away.
I am new to this. can you explain the rationale behind 4x rise,without corresponding increase in profits or expansion of capacity. The company has not posted profits for last 5 years and the negative book value increases every year. The promoter needs to plough in money to keep the company afloat.
If you look at the market cap which may be low viz a viz sales but I sincerely wish to know the triggesrs for the stock.
regards