I have been following this company for over 6 months now.
Recently (this month), the promoter group has been buying almost everyday.
They have directly bought from market during 7 trading days this month.
In the attached image, one can find the buying transactions.
I have one question, why are they buying everyday, instead they could have bought one single day.
One likeable reason could be, very less liquidity of shares that trade on a daily basis.
There was a rise in daily volumes today.
On normal days the daily volume would be around 15k
Today it touched 150k with 40% delivery.
I have taken a tracking position today at 550 level and plan to buy at bulk around 480 levels.
Anyone else here actively following this co.? Any insights will be highly appreciable.
Thanks.
| Subscribe To Our Free Newsletter |
