ET Prime Special Series: Multibagger or IBC - Curious case of one stock, two companies. Only one of them makes brakes

On paper this is a friction-material company. In practice, the larger force inside the company is an investment portfolio. The friction business is EV-resistant, which is rare and valuable. But customer concentration, a zeroed-out JV, related-party activities, and a new untested commodities trading bet complicate the picture. This is a story of two companies sharing one ticker.

Raccontata daeconomictimes.indiatimes.com