45000 shares sold by Chairman Mr. KL Goel on May 23rd, 2008.
100000 shares sold by MD Mr. Kumud Goel on May 21st, 22nd and May 23rd 2008.
Investors may note that the said Management related stock sale is coming
before the analyst meet scheduled for June 16th, 2008 and is at a 50 per cent
discount to the peak price of Rs 1020 last seen in January 2008.
Does the current sale reflect the true value of this company in the eye of the
promoters or is there something more to the sale?
Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations &
outlook are included to enable a better comprehension of the Company prospects.
Actual results may, however, differ materially from those stated on account of
factors such as changes in government regulations, tax regimes, economic
developments within India and the countries within which the Company conducts
its business, exchange rate and interest rate movements, impact of competing
products and their pricing, product demand and supply constraints.
Nothing in this article is, or should be construed as, investment advice.
Rohit
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