It is continuously drifting more towards a pump and dump type company. Results are next week, so will have to wait till.
Initially updates were good. But the company keeps on throwing announcements here and there and whenever share is down, promoter buys and they intimate within market hours and share hits UC.
You really have to see the intent of promoters. The share went from flat to 50% down to 4x from there and promotet is buying at such high rates.
% of profit is good in my PF for Nirman so have some cushion.
Their previous corporate announcements and new announcements have big quality difference. It has transformend from a mandatory communication to picturesque hope for investors.
The numbers might be genuine. Might not be.
I am cautious on this and exited major quantity at 167 before joining this forum. Holding very small quantity now. Might even exit soon after result.
I am not into the sector but the way they are doing things, you always have doubt if things are superficial.
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