No mutual fund has any holding in this company even though it is above 1000 cr market cap. QIP failed as Institutions do not want to own the company. Promoters buying from open market to show their confidence in the comapny. But i suspect something fishy here, i might as well be wrong. But in any market conditions if there is growth in the company institutions are the first one to smell the same and line up to buy the shares. Here i think promoters are just circular buying from their own undeclared pseudo promoter accounts. Again I might as well be wrong.
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