powerfulpicks stock opinion: Pipavav Shipyard tanked nearly 10% today in fear of a stake sell by promoters from Oct 4th onwards because its lockin period ends before Monday. Founder shares are locked in for a period of three years from the completion of an IPO, under Indian regulations.
This is a good buying opportunity, but not today. Watch for what happens on Monday...and then buy. As I had said earlier, the script should be back to 112 in 2-3 months; these are temporary blips.
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