Two of the promoter group entities – M Radhakrishnan and Shivaji t Akhade have been constantly buying into the counter of Autoline Industries in spite of the counter hitting 52 week highs.
M Radhakrishnan has increased his stake in the company from .53% at the end of June 2010 to .81% currently.
Shivaji T Akhade has increased his stake in the company from 4.6% at the end of Sep 2010 to 4.8% currently.
There are also few things that we have to share with you. One is that the company threw up a big party to RJ few weeks back to celebrate the success of the company. Two is that they are probably close to identify the developer for the land and that are said to be in advanced talks with Godrej Properties. And we are not sure if one and two are related in anyway.
$Team TMP
