I had pointed out earlier that Q2 is expected to be bad… but promoters selling due to that is not good news at all… that too they have been allotting warrants to themselves at low prices only in June and then selling shares at higher mkt price… clearly fooling retail investors…
I have been monitoring this company but havent invested due to the bad economics of grain based ethanol plants. But now promoters selling after warrant allotment is not good governance either… it is no go for me at this price… if it corrects Rs. 30-35 levels can think about taking the risk !!
| Subscribe To Our Free Newsletter |
