Some possible red flags here with the new shareholding pattern for Dec-16 released
- Usha Jain has decreased her stake which everyone knows
- Sharda Popatlal has decreased her stake (0.2% of total) and no other promoter has purchased it which means that its possibly gone to the public
- Another decrease is in ‘Individual more than 2lac’ bracket which has gone down drastically by 5% of total shareholding ie 7.8m shares
- The increase is only in ‘Individual upto 2lac’ bracket which means retail investors like us
- The only small positive is that Banks / Financial Institutions braccket where the 3 investors have increased their stake by 0.51% of total
However, on a read of this, it doesnt look good. This can signal two things as per me:
-
Much higher chance of this share being operator driven now.
-
Small panic can lead to large downfalls given the shareholding breakup
Here is a snapshot
Disc: Invested