Stock moves to ASM based on few criteria… and one of them is “High-Low price variation in 3 months >150%+nifty50 variation*beta of the stock”
As everyone was aware of sharp price movement, was the recent fall planned to avoid above criteria or EXPERTS were aware (based on calculation as above formula is known to everyone) & SMART people have PLANNED accordingly.
Learning for retail : be aware if your holding moves too fast… you must calculate above & book profit before such surveillance measures strangulate the prices despite block buster results
Existing pledge shouldn’t have any impact but ASM may come in picture for fresh pledge.
More details on ASM