I too have sold out my holdings. I recollect on concall post recent quarterly result, CEO of company spoke about US clients visiting the plant and we should see barrage of orders being placed by them in next 10-15 days that will trigger production from newly installed meltblown unit. It’s been close to month and there hasn’t been any update on that. Instead bonus news came in. All this seems to be mere excercise of pleasing stock price from management. If bonus is a good news for investor, then who is selling substantial quantity in past few days ? Seems like distribution is on. Again I could be wrong and and stock may break it’s all time high of 389. However, things are to uncomfortable to stay put.
Disc : Exited recently.