Naah, happens all the time. They might have their own money needs, doesn't just reflect the confidence in their company.
Question is: If you wanted to sell, what else would you buy? Sab toh expensive hai. Except probably FDs
true... most of the stocks are overvalued at the moment
When companies and promoters bought their own stock, we got scared that they were overleveraging their firms with buybacks. When rates are on the rise and they are selling, we are scared again.
Even if it is a red flag, what else are we gonna look out for?
Promoters also sell for funding other ventures. Happens a lot in big conglomerates. Without more information this is just speculation.
The stock market is becoming a dumping ground.
MF give 12-14% return.
Inflation - 4-7%
Rupee depreciation - 2-4% ( compared to $)
Real return - 3-6%
What a world
Go to screener.in and type stock name and check promoter holding of that company
I read a tweet that made sense, promoters need to sell their shares to maintain income/cash flow. This could we be part of that.