Anyone know why J Kumar Infra share is crashing?

[imageboy]

They have solid results and I was expecting for their share price to increase after Sitharaman's announcement about 10,000 crore worth of infra projects development. I'm not seeing any news of big developments either, so can't explain the drop.

 

[resjudicata]

@imageboy Do they have exposure to MH state govt. projects? Uddhav put a stay on all such projects

 

[imageboy]

@resjudicata They have contracts for Mumbai and Pune metro. This makes sense now. If it’s linked to this, I guessing it’s short term because the work will eventually need to be completed.

 

[fighterofatheists]

@resjudicata Havent been following MH politics since they came to power, but is he actually putting a stay to projects that have began work or just rhetoric? What kind of tomfoolery is this...

 

[maninan]

@fighterofatheists They have stated holding payments for all payments while they are under review. This tomfoolery= radical politics of today's age

 

[fighterofatheists]

@maninan Fuck... how do people expect international companies to invest in the country when this is a regular occurrence. We will only have our Ambanis and Adanis running the show forever

 

[maninan]

@fighterofatheists Well ambani and adani get their work done by crooked ways and sometimes I believe thats the only way to do it

 

[fighterofatheists]

@maninan If this kind of govt fuckery is the norm then crooked ways is the only way I guess

 

[maninan]

@fighterofatheists It is the norm come to think of it. Any state where the govt changes this shit happens latest example being Andhra. Plus the MH one is a "coalition" govt and 5 years is a long time.

 

[fighterofatheists]

@maninan Its the people who constantly get screwed over

 

[ivank]

@fighterofatheists We dont care, fighting over language and religion is more important than infrastructure.

 

[fighterofatheists]

@ivank People cant care, there are elections once every 5 years and after that the so called leaders are not accountable to anyone, for 5 years.

 

[imageboy]

@fighterofatheists Even the kumar mangalam birlas of India are getting screwed over

 

[madlove]

@imageboy Probably rumors that New Maharashtra CM has stopped payments for all metro projects.

JK seems to have lot of exposure to MMR metro projects.

Also heard that Simplex was removed from L7 metro package and NCC brought in because of some payment delays by Simplex to its subcontractors.

 

[danishajaz]

@imageboy Don't worry, the panic will wear off soon. Maybe another week of bear.

 

[nak1411]

@imageboy Because of the Infra in its name?

 

[imageboy]

@nak1411 What?