On Tuesday,
On tuesday, stock had touched Rs 25.90. Now the stock has come down due to following reasons:
1. IDBI is holding 1 million shares and has started selling aggressively.
2. Price freeze: The day stock touched 25.90, Bse site was showing 27.30 as weekly upper limit. However, next day, upper limit was reduced to 24.45. And today again weekly uppper limit has again been reduced to 22.10. Absolutely bizaare. We appreciate Bse efforts in curbing unwanted speculation in stock prices. As a result, several
stocks like Tirupati and Axtel remain frozen at same price since 2 weeks. But it is completely idiotic to reduce upper level from level already achieved.
On tuesday, stock had touched Rs 25.90. Now the stock has come down due to following reasons:
1. IDBI is holding 1 million shares and has started selling aggressively.
2. Price freeze: The day stock touched 25.90, Bse site was showing 27.30 as weekly upper limit. However, next day, upper limit was reduced to 24.45. And today again weekly uppper limit has again been reduced to 22.10. Absolutely bizaare. We appreciate Bse efforts in curbing unwanted speculation in stock prices. As a result, several
stocks like Tirupati and Axtel remain frozen at same price since 2 weeks. But it is completely idiotic to reduce upper level from level already achieved.
galada power is showing weekly limit of 25.85 currently
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