Gandhimathi Appliances plans pan-India presence
Gandhimathi Appliances is pursuing growth aggressively and planning a pan-India presence.
Source: BSE, month-end figures. *As on 11 August.
When a small-cap company’s share rise by nearly five times in the span of less than a year, two thoughts come to the minds of the investors. The obvious one is that the prices are manipulated by some operators who has managed to acquire the shares early. The other is, it is probably a turn around and the markets missed the opportunity. In the case of Gandhimathi Appliances, (market cap INR 373 crore) better known for its brand Butterfly, the second seems more likely…
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