Anubhav,
The promoter’s dilution is Institution’s accumulation which perhaps testifies the faith in the company and the category. I’m worried of the increase in number of shareholders (2,10,000). If some point in time stock starts appreciating in non linear manner, it may increase to 400,000 or may be more. In such case the future return may suppress since Public sharholding is still more than Promoter and the Institutions.
Disc- Not invested but closely watching.
Subscribe To Our Free Newsletter |