GIC needs a miracle for investments like Nirlon

Without a miracle, Nirlon will be another loser for GIC.

GIC has overpaid massively for Nirlon, ie the potential for gains has been wiped out after paying a 400% price increase from a year earlier.
nirlon1
Dividends over the last 5 years are about 5 rupees.
The increase in bottom line does not justify share prices at current levels.

Besides overpaying, it appears that news of the investment was leaked.  Unless the investor was really stupid.

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