Lots of happening in Ami Organics in last 2 week.
Known of promoter – Chovatiya family sold large chunk in block deal (However Mr. Patel denied in his previous interview that Chovatiya family is going to sell further stack). Good thing is Good institutions bought it. Stock fell on that day bcoz of large deal goes with discount to LMP.
Interestingly on the same day company files circular that they did MOU with GOG for manufacturer of Electrolytes with global company however I wasn’t able to gauge company name of that Global company. So I highly doubt, this circular was coined on that particular day to just support the price after block deal.
Interestingly another promoter bought 0.2% stack from open market 2 days before.
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