Ambika Cotton Mills

(Kumar Saurabh) #484

No no, I am not telling about Manappuram. Told that statement because it happens in outside world and I am/was aware of few which can’t disclose. The reference was to just convey core message regarding Ambika

(sarthak kumar) #485

Just curious why there is no mutual fund holding in this share.
Is there a certain market cap below which even small and micro cap funds would not buy a stock. Or is there some other reason

(Rits) #486

IDFC Mutual fund was invested in this… However, either they have completely splf off or have reduced their holding…

(KalyanKool) #487

Anybody has any idea why this stock locked in 20% upper circuit today? I don’t see any news floating around.

(Vivek Mashrani, CFA) #488

Possibility of buyback coming or capex approval or some MF entry. Let’s see. No news in public yet it seems.

(Shiv Muttoo) #489

Maybe land use permissions - which have been pending for some time - are looking more visible.

(Sangram. Surve) #490

Maybe a technical breakout. Looks like a flag breeakout.

Disclosure: invested from 2 years. sold some today as it has become highest percentage of my folio.chart is for study purpose not a buy/sell/hold call

(BAPILL71) #491

No bulk deal reported. The mystery continues

(roysavio) #492

I could be wrong but sometimes when there is no publicly available answer, I have seen paid stock recommendation services recommending stocks and the stocks surging within minutes of the recommendation. This might have happened here as well because most investors rush to buy the stock, throwing the upper purchase price limit to the wind.

We will know in the days to come. If the price drops tomorrow and there are no further clues on the price spike, this might be a possible answer.