A question on the qualilty of management, the MD of the company (Nirupender Rao) has 93% of his holding pledged though only 2% of total promoters holding.....does it raise any concerns or just a small blip in so many good things.
Joined: 15/Jun/2009
Location: India
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Posted: 26/Mar/2010 at 12:15pm
Originally posted by hkumar
A question on the qualilty of management, the MD of the company (Nirupender Rao) has 93% of his holding pledged though only 2% of total promoters holding.....does it raise any concerns or just a small blip in so many good things.
Please comment.
I think it must be the matter of convenience of pledging shares from a single holder rather than a group of people from amongst promoters which might have lead the sort of pledging u refer to.
Pledging of 2% of a total holding of around 37% might not mean too much. I think this kind of pledging can be ignored if other factors are favourable.
Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
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