In one of our past videos we had talked about a beaten down company where Google was rumoured to be interested, and where HDFC Mutual Fund had bought stake. Here we bring to you news that it has scooped up a further chunk of 9,00,000 shares in the company at Rs. 500.00 on the Narional Stock Exchange.
Please watch the video below to know more about the company
Having watched the video however it is imperative to mention that fund interest in the company is not a guarantee of future appreciation in the stock price of a company. One must tread with extreme caution while taking action on stocks where there has been recent fund action. This is because with such a large chunk of shares, any sort of liquidation on their part may send the stock tumbling down. The general public would only come to know of the information post the event happening, by which time the stock price would have substantially depreciated. Hence, please exercise extreme caution and consult your financial advisor prior to taking any action on any of the information presented herewith.
Standard Disclaimer :: The information in this article has been compiled from freely available information on the internet. None of the stocks mentioned here should be considered as recommendations to buy and one must carry out his/her own research prior to acting on any of the information presented here. None of the creators of the video have a stake in any of the stocks discussed.
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Ashish Dhawan is an Indian Private Equity Investor and Philanthropist who co-founded and ran one of India’s leading private equity funds Chrys Capital. He has served on the company's board since 1999,
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