Kedaara has been invested for many years and they need to give their investors an exit. So their selling was due anyway.
Kedaara and promoters group have always said they will sell in a planned way and are committed but their fund will need to return money so they will have to sell at somepoint in time even if they don’t get the price they like.
That said SBI MF and Amansa are strong hands and this could possibly see a positive change in the sentiment.
The company itself has been hiding their below industry growth rates behind a tech platform rollout that is delayed by a few quarters. They expect to complete it by q4. It could get delayed for a quarter or more easily.
Disc:invested at different levels and tracking. No transactions in last 30 days
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