I Have been following orchid chemicals for a long time promoters have pledged 80% shares so if market corrects it could be risky but the company had cash in hand as they have got 1800 crores from selling their injectable business so by removing debt and as last year results were not good so it will report good numbers so good bet also they have a deal with hospira to supply api for 10 years which are 30 % of its sales
Joined: 25/Nov/2008
Location: India
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Posts: 703
Posted: 25/Feb/2011 at 5:27pm
Markets are jittery. He could be doing it to enter into a more attractive price. You never know whether he is doing investments or trading or investment via trading.
Joined: 06/Feb/2009
Location: India
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Posts: 1868
Posted: 25/Feb/2011 at 9:30pm
he has been selling Lupin heavily .. stock is down 30% from top and his holding down on quarterly basis. This was supposed to his 2nd best investment. I thought FIIs are selling but it was RJ but the company is doing exceedingly well so I remain invested
‘The market always does what it’s supposed to — BUT NEVER WHEN’.
Joined: 01/Jan/2006
Location: India
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Posts: 18403
Posted: 06/Mar/2011 at 5:55am
Originally posted by subu76
Yeah it's hard to second guess.......for all you know he might be raising money to answer a margin call
Yes Sir!!!
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