There’s no doubt that this stock is being subtlety manipulated in my opinion by Bayan( and others) as they stealthily go about increasing their holding as part of an end game to get full ownership and control. In the process the share price is being kept down in a low range as the accumulation continues with a final end game in mind. Once that is cleared then this stock will embark back up towards 40+ It will be interesting to see the 2 quartiles- especially the September quarter results this year. India is embarking on a massive infrastructure and manufacturing drive in the next few years outstripping China by far – and Bayan is well positioned to provide a lot of the energy needed going forward.
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