He meant that HFCL used to be an operated stock in the 90’s and Shankar Sharma who is an investor in BCG used to be an investor in HFCL before.
I think HFCL was a very hot stock during Ketan Parekh scam.
Anyways Shankar Sharma and his wife Devina Mehra are purana papis of the 2000’s and its funny how he has been a darling in the news channels inspite of all of these and renowned fund manager out of all things.
But my personal opinion, more or less most of mid/small caps have operators sitting on them who can influence the price in the short to mid term.
Pump and dump of penny stocks are a different thing altogether which you can identify by having a glance at the financials.
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