9 months ago
Promoter Selling Hits Record in Secondary Market
Promoters are selling their shares in the secondary market at record levels.
Some are also buying shares at a 3-year low.
An expert, Pranav Haldea, says this isn't always a bad thing.
It's only a concern if the company's performance is getting worse.
So, it's important to look at the bigger picture.
Promoter selling in the secondary market reaches record high.
Investors are also buying dips to a 3-year low.
Pranav Haldea of PRIME Database Group notes promoter selling isn't inherently negative.
Deteriorating company fundamentals accompany promoter selling as a red flag.
Investors should examine the context and company performance closely.
- Who
- Promoters and investors in the secondary market
- What
- Record levels of promoter selling
- Where
- Secondary market
- When
- Currently, with buying dips to 3-year low
- Why
- Various reasons, not necessarily indicating bad signs
Key facts
- Promoter Selling
- Record high in secondary market
- Market Condition
- Buying dips to 3-year low
- Expert Opinion
- Pranav Haldea, Managing Director of PRIME Database Group
- Expert Statement
- Promoter selling not necessarily a bad sign
- Red Flag Condition
- Deteriorating company fundamentals
Quotes
Pranav Haldea
Managing Director of PRIME Database Group
“If promoter selling is accompanied with deteriorating fundamentals of the company, then it is a red flag and needs to be looked at in greater detail”
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