Shankara Buildpro surged after its stellar listing, but the stock later crashed from INR460 to INR2,365 and then tumbled. The decline isn’t just market mood: analysts point to flaws in the business model, repeated strategy shifts, mismatches between reported performance and on-ground conditions, and concerns around corporate governance.
Excitel’s fixed broadband push is built on an asset-light model: it reaches customers in underserved areas by piggybacking on partner networks. The strategy aims to accelerate market entry while keeping focus on the make-or-break area—customer support. The question is whether this lean setup can compete for share where Airtel and Jio’s dominance is hardest to dislodge.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
