Promoters and employees do have their own demat trading account and nowadays it is common to see in most companies Promoters / Insiders selling/ buying with Bad or good news flow which perhaps they may come to know in advance. As long as they comply to SEBI guidelines for buying or selling , it may be ok.
And if there is good news flow , they may buy again and we also many times but / sell on news flow. Yes, they are at an advantage being insiders. If it is a insider trading or corporate governance issues by definition , then there are agencies like SEBI who does investigation and take them to task.
As an investor , we should look at fundamentals and apply due diligence before buying.or selling.
we should not get perturbed by what market does or how the market react all of a sudden.
In my view , fundamentals of this biotechnology stock is in tact unless there is corporate Governance issues and from the news flow and statement from Govt , to my understanding ethanol production in no way is getting affected. The same ethanol plant can make ethanol from Sugarcane juice, B Molasses , C molasses , damaged and surplus maize, rice.
If sugar cane juice is restricted , three are many other windows open.to make ethanol for which Govt is taking action, e.g procurement of maize st MSP from farmers . Also , Govt is open to review and revoke decision if the sugarcane production does not decline.
discl: Invested at lower level and for long term. This not a buy sell recommendation. please do your own assessment before taking any such buy/ sell recommendation.
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