There has been massive selling by the promoter & chairman - Mr Abdul Chataiwala.
His holding has dropped from 58% to 44% in one year.
On the other hand FII holdings have reached 13.6% from 0% last year.
No MF holding yet in Lancer.
Just a few observation about shareholding pattern. I don’t usually draw any conclusions from pattern change. But these are massive changes and a drop in promoter holding can be indicative of expected poor performance.
Disc: Invested.
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