Hi Vineet,
I wonder as to how do we see this bulk deal since the stocks are held in the individual Demat accounts of their clients. Marcellus had a Webinar on 25th Feb which had PPAP as a holding. I sense this might be rebalancing exercise whereby they might have increased position in some other stock.
I have this as a significant holding and won’t be too concerned with the volatility considering the very small sub 300 Cr Market Capitalisation.
While the company has diversified its client base, the fortunes are tied in a significant way to Maruti which along with other Auto stocks in general has been declining in price off late, and I too won’t be too concerned agreeing to excellent risk reward that you alluded to as well.
Regards
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