After the acquisition of the NetMatrix Crop Care when EXCELINDU touched roughly Rs 970 levels, but the Stock has suddenly come down to the levels of Rs 840.
I see 2 reasons in it -
- The sales have fallen roughly 9% for H1FY20 (Rs 370 Cr) as compared to H1FY19 (Rs 407 Cr)
- LIC has redued its stake from 7.66% to 7.63% which in my opinion should not have such a significant impact.
Also is it important to note that Mr Musaddil Rawat continues to stay invested.
Need insights from Moderators and fellow members for this sudden fall in the Price of the Company!