I am new to this board and this is my first post. I am glad to meet you all .
I have been holding Mphasis BFL since 4 months now. I have got it around 284 ( cum bonus price 1:1). For a long time the stock languished after the Barings stake sale was called off but now it has finally again come back to my cost price. It closed today at around 143.50 ( ex bonus price).
Templeton has recently aquired a huge stake of about 4-5 % of total equity in this company at about 130. But what is intriguing is that the CEO Jerry Rao has sold his own 21 lakh shares to Templeton. CEO selling and Templeton buying - what to make out of this ????i
Does anyone have any views on this stock and if I should keep holding. What are the expected levels ? Any comments would be appreciated.