Why land is more dangerous than sea for Sheth brothers of GE Shipping
Collectively, they own around 38 Lakh shares of Financial Technologies -around 8.24% of the company.
Today, Financial Tech crashed by an astounding 66%, a loss of Rs.356 per share due to rumours of a payment crisis at NSEL
This resulted in the Sheth brothers losing 135 Crores in a single day’s trading session.
Perhaps the oceans of the world are less stormy than India’s financial markets !
Source : Charts from www.rediff.com; http://alphaideas.in
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