Unusual growth in stocks

Thanks for noting this scrip KDL, Bala. What’s interesting is that 98.04% of the ownership is in the hands of 23 shareholders, each owning between ~10 to 60L shares EACH, leaving only ~17L in the hands of the true “public”.

I’m not well informed to comment on the technicals, but overall, the info on this company seems very obscure.

Next steps – I’m trying to figure out the price at which the 23 shareholders will draw the line as to avoid excess attention. They can virtually stop this rally at any point by deciding to sell even a small part of their holdings.

Disclosure: invested in KDL since Rs. 188 levels in August.

Akhil.