Promoter can sell for any reason hence it is not as definitive signal as buying is because when you buy you expect it to go up but when you sell it can be better opportunity to profit booking to personal deleveraging to enjoying the fruits of earlier hard work to anything else. If still it worries you then rather than taking indirect signal like promoter selling as negative you can take collective opinion of market by focusing on price.
But that seems to be holding up well despite such market.
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