Those who are associated with me per Money Control must be knowing that I have been supporting TVS Srichakra (one of the best stock) ever since 700 or so. It has walked passed many numbers ; sometime even testing and re testing the patience of investors. This stock was recommended by me on this site too as also included in the folio of good number of members because of its strength. Yesterday, it moved by over 18% after a long period of consolidation.
Unless it violates the set principles, the stock is fairly priced at the current figures.
Beauty of this stock is
Asset Base : 2866 crore
Dividend at 600% against FV of Rs.10
There being small equity base with massive reserves, one can perceive the issue of bonus later than sooner. My guest work - it is though the prerogative of management keeping in mind the futuristic plans.
One should include such stock in one's core folio for long term (patience though would be needed).