The article doesn’t mention that promoters were involved and the fine was on Keynote Commodities and not on the promoters.
I did start to have a look at this company at 19 Rs odd. I haven’t looked at it in detail, and it ran up too fast before I could devote more time to find out more about the company. I was more comfortable at Rs. 19-20 odd levels for such a small company, but later when it shot up I didn’t have enough liquidity so gave up researching.
I am putting up links to some videos that I had seen online. Promoters are first generation entrepreneurs and looks like they come from a humble background. It is very pre-mature to pass a verdict on promoters but I had liked what I started seeing (if it was so easy to form impressions just on the basis of videos )
The industry that they are into looked boring and also looked like the product is commoditised in nature and can be produced by any new player. There are some other small companies that are also listed on exchanges and produce similar/same products. I think in the un-organised sector also there may be many manufacturers of this product.
Please Note – I have put up video links just on an FYI basis for members who maybe interested in this company. I don’t have a view on this company as haven’t researched it in detail.
Kind Regards.
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