[Raveendra]

Dear m4max1979,

The index fund will automatically rebalance at the end of every month. Last time BCG was added by this fund due to high alpha generated by BCG and also high allocation in that fund I think.

Now it’s due to poor alpha , it will be removed from the fund.

There is no much fundamentals involved here.

Having said that, there will be more volume for sale on June 30th or around , that may cause more LCs unless the volume is absorbed by other FII.

Regards,
Raveendra.M

[Raveendra]

I am expecting things will sort out by December quarter results time.

By then the shares will be grabbed by FIIs to the needed extent at lower prices.

To increase the price and to clean the corporate governance issues one by one , they will settle daum issue during that time.

SHP , FA , audio company acquisition will clear in the due course.

[Raveendra]

I total agree that , last conference call was very disappointing. Even though there are many outstanding ongoing corporate governance issues, they did not bother to discuss on a single item atleast.

There was no explanation at all on bonus shares listing delay.

CFO exit during FA is not normal , even though they mentioned as retirement, it cannot be decided over night . Either they should inform 6 months to 1 year in advance .. or they should extend his tenure for a year or two considering the FA and CFO experience in the company.
It was mentioned very lightly in the conference call.

And about SHP, everyone knows there is some manipulation going on. They did not want clarify despite someone asked question.

And about FA, it was also mentioned very casually and in very brief.

And lastly the Q&A was not convincing. Only 4 to 5 people got chance and they did not ask relevant questions.

And other points :

Huge dilution of shares is a big negative at this point in time.

There was no mention of time lines of dividend credit.

As someone pointed out, I am little worried about index funds which accumulated at little higher price and despite bonus they will be in deep red.
Have to wait and watch for next turn of balance of stocks in these index funds.

Drawdown in the stock should not be leaps & bounds and management should do the necessary to arrest it.

I continue to hold the stock from the past 5 years.. hope it will still be a longterm play.

[Raveendra]

@radhutheoptimist , They can sell bonus shares immediately I think.

[Raveendra]

Hello ,

Can someone post the conference call dial numbers please?

[Raveendra]

How do we get to know about conference call numbers. I could not get any update anywhere? And missed the call last time…just have to hear YouTube audio someone posted.

[Raveendra]

Hello all,

Conference call details please ?

[Raveendra]

Hello guys,

Where can we get conference call details ? Can we propose for a video conference like zoom meeting ?

[Author]

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