This is a real estate company. They have huge presence in the non-development assets also like hotels etc. But maybe for last one or so, though you see these sporadic upsides coming-in in the stock, but I don't think anything is really happening. In the past, they have tried to sell some of their hotel properties, some of their plots also to deleverage the balance sheet, but honestly I have not been able to get any further or any concrete move having initiated by management in last three-four months. But you do see sporadic upside coming in the stock at a frequent interval.
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4 years ago
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