If we are to analyse this situation in detail:
Roughly 17.50% of BFL will be sold in the price range of 116.00 - 240.00
The 17.50% sale of BFL in two stages -
9.10% between 116.00 and 207.00 - those who bought this quantity can still make a decent profit at CMP, so the selling session is understandable
8.40% between 220.00 and 240.00 - those who bought from this lot must not sell at a loss unless for credit clearing purposes as the share trades at heavy discounts to its immediate potential
Assuming that EPF triggered its sell of roughly 8.90% of GRAN during last quarter and is still in the process, this transaction is in the price band of 49.80 - 115.00.
The valuations of the three listed poultry companies - BFL, GRAN & TAFL are very attractive as of now which has convinced many HNI and institutional shareholders to enter the stock.
Therefore, it is possible that these counters will soon take a rebound and rally towards a reasonable valuation during which at least a gain of 10% from CMP could be expected.
Also, I'm looking at these counters as a mid-long term investment because the public holding is very satisfactory 40-50% plus, the shares in issue are in the range of 16-50 million. This could easily call for a share split that will encourage investors to revisit valuations and usually multiply prices.
I urge community not to panic sell and invest wisely.