Prakash Pipes and Fittings (PPFL) - Not just Pipes

2 questions in my mind -

  1. Other PIPE companies are in inventory losses where as this company did handsome profits. Is this something fishy?

  2. Promoter is buying stakes continuously. On the other hand they are pledging their shares. Why such contradiction?

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Everyday i am getting notifications for the release of pledge by management, now only 1.2% is remaining. I think that will also be released soon. Good move by management and seems like market is appreciating it.

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Promoters Pledged % showing in screener is 38.06% & in ticker 36%

Screener is not updated i guess. Here is the notification given to the exchanges:

Have been receiving these updates frequently in last one or so month.

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All pledged shares have been released.

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