- In the short term stock is on verge of a breakout above 80 recent highs.
- On a 20 year chart the stock has never gone above 80-100. It could be start of a long term trend change in the stock technically.
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Fundamentally its in a very interesting business of food products – pickles etc. Liked the ADF Sould products available in mumbai and the company has scaled up to almost 25 cities.
Governance was not great before but a good dividend payout record. With entry of Lakshit Sanghvi, Ashwin kedia of Alchemy , Nikhil Vora ( ex head of research IDFC ) and Brahmal vasudevan and many marquee names entering in the last few quarters alongwith promoter increasing stake indicates the governance will be better and maybe better direction.
It does seem to be an interesting small cap company with very huge potential. A simple risk is a company which could not scale up in 20 years can it do now ( Me thinks so )
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