Red flags in Easy trip planners
company has manipulated its stock price in recent past , one stock becomes 16 stocks by bonus, split. again company declare 3:1 bonus but no record date declared .delivery is below 50% . operators create volume by bulk deals . stock price rose from rupees 10 to 70 in 21 months. Shares were under surveillance of SEBI . I always thinking why promoters are manipulating stock price, instead of focusing on business . 2 days back I come to know that promoter sold stock worth rupees 222 crores. smartkarma.com also says risk is there ,over all narrative don’t look attractive, confusing business model . independent director Mr maxy also a chairman of audit committee resign within 8 months
. this is the only company in industry to be profitable . market leader MakeMyTrip is not profitable, it means the companies performance is not inline with the industry, but doubtful. when there is doubt get out , by this principle , should we sell stock ?
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