In case of HBL, some funds were holding HBL since a long time and probably had even exceeded the mandated time for holding the company. ( Usually private equity funds have a mandate to hold a company maximum for 7 years… My understanding from talking to a couple of guys a few years back… I am not too sure how things apply at current juncture. ) So when they see some green they can exit without showing too much losses and hence for guys like those it makes sense to exit.
Comparing HBL and Tata Power is like comparing apples to oranges. I suggest you read about the companies and you yourself will realise the difference. Atleast go to the screener page of these companies and read the short details provided there in the introduction or About section and you will get an idea about what these companies do and how they differ. So in my view there is nothing to compare.
@newone I don’t track Raymond.
@virtualmanish I don’t track thyrocare or any companies in similar sector. But a cursory look at Thyrocare chart shows that it retested bottom region of 410 ( around those levels) and seems to be taking support. So that should be the area to be watched going forward.
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