I think it is important to look at current promoter holding. An ex-promoter is likely to sell. Look at Force Motors. What price did the Bajaj’s exit? Just an example, that ex-promoters, and that too family or related members generally sell their holdings. In this case, quiet a bit has been acquired by remaining promoters. I take it as a positive. It’s upto each individual to make their own inference .
Do understand that I am not soliciting advice to buy. Stock is for discussion and one is welcome to invest or not as per one’s judgement. If one finds other stocks better then follow your conviction.
btw, I am happy with my investment which has given decent returns from levels at which thread was initiated.
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