That concern is also echoed by Vikas Gupta of Omniscience Capital (note, Omniscience doesn’t have any position in the company). “If you’re expanding into tier 3 and 4 towns with lower purchasing power and thinner margins, then the ‘profitable’ portion of growth may already be behind us,” he said.
Eternal’s Rs 3 trillion dream divides the Street: FIIs bail, DIIs bite
