My take on the recent promoter selling… I think this gives a clearer picture and I believe most of the promoter sell were absorbed by institutional investors… The case might be the institutional investors wanted an entry to the stock but without the promoter selling the stock prices would have gone further up and hence a bad deal for the institutional investors hence they might have asked the promoter to offload shares… I used to work in Investor Relations previously in a publicly listed company and I have seen such conversations take place… Anyways I might be completely wrong
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