Not saying you are right/wrong…just brainstorming…
Let’s assume the management isn’t reliable (I partially agree too) as they have already had a visit to the jail in 2020 but this isn’t something new right? If so, why did the stock rally non-stop from March 22 (Rs.40) to Oct 23 (Rs.390)? Let’s say the IT raid played a speed breaker but in the end, nothing wrong was found. I think the continuous fall in stock prices is due to retail funds moving toward hot sectors like railways, solar, etc… the promoter is buying (let aside the warrant) maybe he sees something that we aren’t seeing.
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