Vikram's sales grew strongly, but earnings collapsed because costs increased much faster than revenue.
Despite weak quarterly profits, management announced a significant expansion:
The board approved increasing the Tamil Nadu wafer and ingot project from 6 GW to 9 GW, total planned investment rises to around ₹5,589 crore.
Since we bought at the lowest levels and the stock has already been beaten down considerably, there's no need for concern. Seems Holdable
Despite weak quarterly profits, management announced a significant expansion:
The board approved increasing the Tamil Nadu wafer and ingot project from 6 GW to 9 GW, total planned investment rises to around ₹5,589 crore.
Since we bought at the lowest levels and the stock has already been beaten down considerably, there's no need for concern. Seems Holdable