Discover and read the best of Twitter Threads about #sheelafoams
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#TweetStorm - Example of how punting happened due to #SmallcapRules and how illiquid and #lowfloat some #smallcaps are. #SheelaFoams. This company came at the 251st number on the categorization of #Stocks by SEBI - Link -bit.ly/3klimsY Btw new list would come in January
Yesterday - #NSE #Volumes up to 1.29 lakhs against 20-30k average with 45% delivery volumes. Deliverable qty also 2x-4x the average. Today it has traded only 23703 shares and 37% delivery volumes. Apart from recent volumes it has even traded only a few 1000 shares often. 
Company is like a #PrivateEquity investment for #MFs. It is like "Iski Topi Uske Sar" ( Will keep shifting Hands.). Promoters =75%. #MutualFunds= 19.68% #FIIs=2.81% #Insurance+AIF=.45 Sum Total = 97.96%. Wow 2% available Float !! 10 lakh shares or 150 cr value on 7000 cr mkt cap
