InvestorQ : Besides management confirmation on pledging of shares why stock is still going weak day by day.Even showing weakness on exit poll day, the day on which whole market end at 4% high ? I am on huge loss in this stock.Can we trust and wait for July end ?
Karan made post

Besides management confirmation on pledging of shares why stock is still going weak day by day.Even showing weakness on exit poll day, the day on which whole market end at 4% high ? I am on huge loss in this stock.Can we trust and wait for July end ?

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Purvesh answered.
1 year ago
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The stock has more than halved in the last few months. The company is into the building and maintenance of smart networks.
It also delivers optical communication products, network, and system integration devices and telecom software solutions. The company took a hit with the slowdown in the telecom sector which has shown in the number.
But the biggest worry for the stock is that nearly 97% of the promoter stake is already pledged and there are fears of a run on the shares. That is holding the price down. Wait for the promoter stake to go below 50% of their holding before buying the stock.
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