Operating cash flow nearly broke
even during FY09 (vs a negative Rs3.5bn during FY08). Management
reiterated its expectation of turning free-cashflow-positive in FY10.
The company estimates that better receivables collection would
improve working capital management by 10-15 days. Inventory has
already improved by ~15 days to 57 days of sales currently.
However, meaningful improvements in the working-capital situation
are likely to be back-ended, as election-related issues will delay order
growth and subsidy collection from the government.
I have bought some shares @662 but the stock is going down. Should I book loss and exit now or is any upward trend possible? I would really appreciate any help on this.
I have bought some shares @662 but the stock is going down. Should I book loss and exit now or is any upward trend possible? I would really appreciate any help on this.
not to worry..the stock will bounce back..im also holding a few bought at 640..im holding with a stop loss at 597..target is still 770..hold with a stop loss at 597
| NIFTY 
