What happened here? No dent in the fundamentals of the company yet??? Rumours say that some block deal happened thru Karvy Financial because apparently the promoters have pledged there shares –not confirmed and % pledge not known.
But, look at the long tail that happened sometime in the month of July, that tells something has gone fishy??? Someone has sold a lot at discounted market price of around 250 in July? Why??? Darn manipulators and operators, what can you expect when the entire governance function of the country itself is run under similar modus operandi … Weekly chart below
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