Hi Kalpesh,
What are your reasons for adding add-shop?
I had exited from the script when it rallied. My reason for the sell were:
- I had entered when Add shop published that a FPI/FII will be purchasing ~2% of stake. That gave me confidence that the company isn’t a fraud. I exited when they published that the FPI/FII is no longer investing / cancelled (I don’t remember how exactly it played out but it looked fishy when the whole deal got cancelled).
Other reasons:
- Valuations too high.
- Management has a private company (Dada organics, iirc) which sells the product at a fixed margin to the public company and the public entity then sells at whatever rate market feels right.
- Everything signed by the M.D. And lack of transparency.
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