Despite the strong earnings, the market's reaction suggests shareholders may have concerns about the sustainability of the profits, particularly due to the unusual items boosting profit. The company's underlying earnings power may be weaker than its statutory profits suggest.
The company's reinvestment for growth has not yet resulted in significant sales increases. The declining ROCE and stock price may not inspire investor confidence. The company's trends do not align with typical multi-baggers, suggesting better investment opportunities may exist elsewhere.
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