Individuals up to 2lacs have increased their shareholding they bought net net 23K shares. Reliance has increased its holding from 1.9 to 2.10 % They bought net net 4.5K shares. So, If you see the decline has happened at very thin volume, I don’t think if somebody knows something will have this much patience to sell drop by drop everyday so that no one notice.Īnyways since you asked it that way i looked at the shareholding pattern. Thats the only problem with stock market if all HDFC bank shareholders decide to hold (makes sense to hold that kind of stock) but one idiot decides to sell just one share at -20% the whole market cap of HDFC bank will collapse to -20% for that moment. Price action in short term can only be judged by flow … If you look at todays volume out of 0.36 Cr some two people decided to exchange 600 /- shares at -4% that doesn’t really mean anything to me.
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