Up 120% in 1 year, where is this Rakesh Jhunjhunwala stock headed after soft Q4?

Analysts noted that the company’s consolidated net debt had risen to Rs 3,570 crore as of September 30 from Rs 1,920 crore as of March 2020, owing to Covid waves in FY21 and FY22, impacting cash flows. But following a Rs 1,982 crore rights issue in December and a subsequent fundraise of Rs 2,000 crore in March through a QIP, IHCL has become a marginally net cash company at the quarter end.

Up 120% in 1 year, where is this Rakesh Jhunjhunwala stock headed after soft Q4?
Analysts noted that the company’s consolidated net debt had risen to Rs 3,570 crore as of September 30 from Rs 1,920 crore as of March 2020, owing to Covid waves in FY21 and FY22, impacting cash flows. But following a Rs 1,982 crore rights issue in December and a subsequent fundraise of Rs 2,000 crore in March through a QIP, IHCL has become a marginally net cash company at the quarter end.