InvestorQ : Why did the CMI Ltd fell hugely from Rs 400s to Rs 30. And what is the future of the company, tell me also that if there is any management issue.
Sudhendu Kumar Singh made post

Why did the CMI Ltd fell hugely from Rs 400s to Rs 30. And what is the future of the company, tell me also that if there is any management issue.

Answer
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Dhwani Mehta answered.
6 days ago


In fact, the CMI stock even fell as low as Rs.19 but has bounced back. It is a profitable company but it has hit badly by the shutdown. Also, the power industry that it caters to has been under pressure for some time.

Any growth from here on is possible only when the big ticket orders for cables from the cable and telecom companies start picking up. As of now there is not much of investment happening in these sectors putting the company in a working capital crunch.