According to a information i heard that there is a big buyer in foreign for its right issue. Therefore to give a misdirection owners sell couple of million shares in low price. Then the others will follow them
and start to sell. But there is a one buyer who is purchase all the shares in low price. Then at the right issue one for one he can have a big amount at the price of Rs 1.00. I thought this is a rumor but see today more than 4mn shares sold at the price of 0.60 without having any change for the sell orders quantity for Rs 0.70 and Rs 0.80. Someone (most probably the owner ) try to get down the share for Rs 0.50. But now they start the game from Rs 0.60. This is my idea and please comment.