Based on the news report , i am not clear whether poly medicure or its promoters did anything wrong ? They just purchased land from vadra by legal channels by paying the market price . Vadra ofcourse would have made a killing on these deals . iam sure they are one of many many companies who might have bought land from vadra.
Also , if the deal itself is wrong , the size of deals is quite low to have any material impact on poly ,also it looks like Bhushan steel is more “culpable” as poly , as the money for land purchase came indirectly from them . Bhushan steel barely budged yesterday but poly being a very low volume stockcrashed and recoveredsoon . its difficult to assess at this point ,how these events will pan out and what this “taint” could do to poly medicure .
my allocation is less than 5% at this pointand i continue to wait and watch . i was actually in process of accumulating the stock slowly as i find the business very promosing but will hold off on that .