1 Lac invested in this stock has become 1.5 Crores in less than one year. Upon further research found a pattern in all such stocks which made a phenomenal move within short span of time, here's the detailed report 🧵
SABTNL is one such stock where stock price gained more than 20500% in less than a year. Inspite of having poor fundamentals the stock price has sky rocketed.
Fishy part is promoters have increased their stake from 22% to 60% in just one quarter. Public holdings and DII holdings decreased during the same period. Looks like an organised pump and dump play going on.
Significant increase in promoter holding and a big decline in public holding is the clear pattern am seeing in all such stocks. Ujaas Energy is another such stock which has gained more than 3200% in one year.
Bad fundamentals, but look at the change in shareholding pattern. Promoters increased their stake from 0.01% to 95% in just one quarter.
Diamond Power is another company where share price moved from mere 0.60 paisa to Rs.1300. No significant improvement in company fundamentals.
But look at the increase in promoters holdings and decrease in public holdings. Many dead companies has suddenly waken up in this bull market and making upper circuit every single day creating a mirage of super demand for the stock. It's not real. It's a clear pump n dump play.
There are n number of stocks which have seen huge rise in this bull market, most of them are mircocap stocks and lot many people tend to promote such stocks,do not fall for it. There is a high chance you might get trapped once the downfall starts. Be careful with your investments
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