Can I expect a revival in the stock price of Indostar Capital after the recent correction in the stock price?
Answer
Answer
Indostar is a new age finance company that reported net sales of Rs.306 crore for the Mar-20 quarter. This represents a fall of 7.3% in the revenue figure. However, for the March quarter, the net loss reported stood at Rs.419.83 crore, a case of the net losses multiplying by nearly 6 times in the span of just one year, which could be quit disconcerting.