Adani Group-related FPIs account freeze report: Stock INVESTORS, share TRADERS alert! Dos and Donts - Anil Singhvi EXPLAINS
As a report surfaced on Monday claiming that three FPI accounts related to Adani Group, worth Rs 40,000 to 44,000 crore holdings, have been frozen by NSDL, Zee Business Managing Editor said such developments do affect sentiment in such shares and cautioned investors to remain vigilant.
As a report surfaced on Monday claiming that three FPI accounts related to Adani Group, worth Rs 40,000 to 44,000 crore holdings, have been frozen by NSDL, Zee Business Managing Editor said such developments do affect sentiment in such shares and cautioned investors to remain vigilant.
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It is learnt that these accounts were frozen due to lack of adequate disclosure. "There is no doubt that the recent rally seen in these stocks have generated good returns for its investors, however, at the same time, it has also raised several questions. It has to be first seen if the source of this report is genuine or not. It is the second biggest group in India with a market cap of Rs 9,000 to Rs 10,000 lakh crore and when there is a question raised on such companies, it is obvious that sentiments affect the price of stocks."
He said the investors should not take any decision in haste and should wait and watch and devise strategy as picture emerge clearer related to this development. Market Guru said those planning to short should also be careful as it can fire back too as the news is same for everyone and they do not have any advantage over anyone.
Zee Business Managing Editor said it does not matter if you are a trader or an investor, one thing that everyone should keep in mind is that they should have clear idea of the stop loss. " How much money you make is secondary, capital protection should be the first priority. Do not panic but be vigilant and keep track of the development related to these shares," he concluded.
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