Ramky infrastructure is one of my biggest failures , suggested @ Rs.280 came down to Rs. 23 and currently trading around Rs.97.For the past many years company's performance severely affected in tandem with overall performance of the industry. It is clear from recent balance sheet that company taking sincere efforts to reduce debt and came back to business. In a positive development, today company informed its decision to allot 1.2 Cr warrants ( to be converted into shares) at a price of Rs.101. Along with promoters, Aadi financial advisors LLP ( an entity related with well known Bhanshali family) participating in this preferential allotment. I strongly believe, company now at an inflection point and those invested earlier will not regret and hope their patience will pay in the years to come.
Link to today's Announcement HERE
Disc: Holding shares , hence my views may be biased
