Friend, this is a first rate stock. see the profits it has announced. It was just that 2 executive directors got killed in accident 2 months back & the CMD Bhandari got seriously injured so there was a shock among the top management where focus of management changed for a meanwhile. Now everything has cooled down & the stock has gone re-rated. Fundamentally great stock. My personal target is 350 in near short term by sept 30.
Have Patience as all other stocks already high & there is a lot of steam left in this stock
Positive
(1) Aggressive and visionary management. (Most important for a growing company)
(2) Increasing top line (revenue) since last five years.
(3) One of the leaders in e-bikes. This division will take couple of years before it can start rewarding.
(4) Other divisions are doing good. Recently entered into power generation.
Negative
(1) Management’s holding is around 30%.
(2) Have huge debt (and therefore huge interest outgo)
This company was aggressive in the past as well. Ten years back they ventured into wind power but somehow it didn’t work. This time they are more experienced and external environment is also favorable.
This stock has potential to generate great wealth if you think really long term. Buy it during dips and keep it for 3-4 years. It can also give you short term opportunities as I think most of the holding is in strong hands and traders are less in this counter.
| NIFTY 
