I was watching CNBC in the morning , they were discussing why Vakrangee bought PC jwellars. Thier was one of the analyst ( I dont remember the name ) to whom when it was asked , did you know why vakrangee bought PC jwellar shares worth approx 100 crores. He sounded v skeptical and said that he knows the reason but can not share publicly on tv. and than he asked to avoid PC jwellar shares also. I dont understand if he really knew the reason for buying PCJ shares by Vakrangee. Why didnt he disclose it.
Was he intentionally saying this so that they can get PC Jwellar shares at lower prices ? Guys please share your views on it.