As you all may be aware, subsequent to Syndicate Bank CMD arrest in bribery case, Bhushan steel MD and VC, both are also arrested, along with Prakash Ind Management.
Both the stocks r down in a free fall and circuit after circuit.
Bhushan is down 40 % in 4 days, from 52 wH of 520, stock is @210, with another10 %circuit on friday.
So it worth a look or any short term opprtunistic play, as business is fine, but mgnt is crook, but its not a scam , but a bribery case. Mostlikeley knowing our systems, he will be out in a month.
Similar opportunity came when LIC HF, scam had ahppeend and CMD was arrested/fired and stock rebounded immmediately
Whathas been your experience in such cases, esp seniors, should we wait for knife to stop, vibrate on wodd and then take a call ?
or it shud be outright rejected bec of mgmant integrity ?
Comments Pls ! (on both Bushan & Prakash Ind)