Actually he was the Main promoter of Best Steel logistics in which son of APL Apollo Tubes worked and later bought the company from him. Then renamed as Apollo Tricoat and merged with APL Apollo after bonus shares. Rahul gupta held few percentage of shares despite selling the company which he used to sell in increments when ever Tricoat reaches a milestone which played as rise breaker. Now he sold his final holdings in the company.I find this as good indicator and the real growth story is yet to start for APL.
My views may be biased since holding good quantity from the bottom level since 2018
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