2nd largest shareholder has an average cost of purchase of Rs.27.50 . His purchase happened last year so there will be an Interest cost also. So the cost per share will be at least Rs.30 or more.
What can happen ?
1.) BLI can take over SFL
2.) 2nd largest shareholder can exit his holdings
In both above cases share will definetly rise above Rs.30.
I think this is a valuable analysis. Pls add your thought.
If tomorrow the share has a upswing we may see it continue.