Hi All,

The NSEINDIA valuation of 440cr investment is now 3x from the purchase price of 3260 per share to 1900 (4:1) bonus shares so 880cr are in only for shares purchased.

The management is buying shares and doing fair value of investments through P&L leading to huge increase in EPS as seen in last qtr but market is not impressed as people want cash back if the company has no use of cash.

the problem seems to be high promoter share holding of 75% and relatives own some more so they care very less for ordinary shareholders, lack of institutional holding also does not help as no one is around to ask these folks, why they are paying dividend of Rs 6 net eps of Rs 400 per share.

I am investor since 2012 and have initially bought at Rs 60 per share, i am hugely disappointed as this share could have done wonders rather investing in Manufactuing they have ventured in to stock investing and no one in market is liking this the stock price is reflection of the same.

I hope management comes back to senses and give back the money in form of dividend and then we can decide which shares to buy ourselves unfortunately in India no one gives a damm about public shareholders specially well connected promoters.

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.