I have looked at the holding breakdown. I would let the regulators do their work and not worry about it until something negative is officially announced by the regulator. It’s just me and how I process these kind of items – which might not be the right approach for someone else.
The entities you have mentioned have been holding the stake for last many years now. Public shareholding has gone up by ~1% since March of 2023 which has been supplied by FII and Promoters. Available float is just 2%-3%. 150cr-200cr max given current market cap.
Two things can happen when float is so low, in my view. Either these entities might offload more which can act as overhang on the price and one can get an idea that “smart money” and insiders are cashing out. Or there can be crazy momentum on the upside, if the demand from new investors starts to roll in as business execution continues. So one would have to keep a close eye on no of shareholders and future shareholding breakdown.
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