I still don’t think that I could find any major red flags in the business until last evening’s notice from RBI. Please look at the FII/ DII holdings, doubled over last two years, even they couldn’t find any issues-
But actually all the domestic institutional investors except Groww exited the scrip in February 2024. I think them institutional investors exiting that too a whole bunch of them is a red flag for us the retail investors, here’s the screenshot from Value-Research:
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