Sales is stagnant, margin very low compared to others and RoNW is decreasing. Whole butter has been extracted by promoters by issuing 16 bonus shares for every share held just before public issue in Dec. 2023. 3 auditors have resigned in last 4 years. Every year new auditor. Auditor not renowned and local. Reliability raises eye brow. Rajratan wire is available at 41 PE ratio which is very low compared to 66 of bansal wire. Sell immediately . Price may go below issue price like LIC.
Very good points noted. Will they again give us 16 bonus shares? But i think lic loss is still in ur mind like me.
Experience is not what happens to you; it's what you do with what happens to you.
241.2. UjwalG| Link| Bookmark|
July 9, 2024 11:28:45 AM
IPO Guru (1300+ Posts, 600+ Likes)
Agreed on your points. But the new capacity addition is what will keep me from selling on d day.The new plant would be biggest in asia they say. So the promoters might be seeing something in the biz than we see. Ps- 1 application alloted. So i could be bias.