This is a borrowed conviction idea. I learned about it from Babulalji @SonigraBabulal on one of the Twitter spaces conducted by Prince / Accidental Investor @AI_Feb21
Equity Market Volatility & Friday Chit Chat ft. Sajal Kapoor | Sandeep Singh | Prince
Please watch from 1 hour 12 minutes on the timeline.
Navigating Market Waves ft. Aditya Khemka, Fund Manger Incred AMC | Accidental Investor Prince
Please watch the timeline for 1 hour and 17 minutes.
This is a special situation, like a reverse merger. The unlisted Innovassynth Technology Limited is merging with listed Innovassynth Investments.
What caught my attention was Utpal Seth from RARE Enterprises has a 12.17 % stake in it through Chanakya Corporate Servies Pvt. Ltd.
The promoters are the Raheja family. After the reverse merger, the Raheja family will hold around 73.5% stake.
Website link - https://www.innovassynth.com/
Below is the snapshot of the latest ICRA credit ratings.
Mind you. This is a discovered story.
Stock is VERY VERY volatile with many times in 2% upper circuits and sometimes 2% lower circuits with very low delivery volumes.
PLEASE STUDY IT AND INVEST AT YOUR OWN RISK.
I am just sharing the idea here.
Invested & Biased at 90 levels.
dr.vikas