Does anyone know why the promoter is steadily selling?
Check production numbers
Trucks production is not down to the tune at which their volumes is declining
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Promoter has only sold around 1.7% in last one year. That cannot be called as steadily selling. And they might have sold to make their shares pledge free and for working capital requirements or may be some other reasons.
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Prepayment of debt is also a good sign.
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I checked FCF of this company is negative in this year but was positive in previous years
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