The promoters highhandedness these days
Just a day earlier i have seen a video of VRL logistics promoter Vijay Sankeshwar saying he dont care about investors or what they think about foraying into Regional Airline ventures.The stock has crashed 40% in two days and its total waste of capital for investors who don't check the Credentials of the promoters before investing in the company.
In the case of VRL LOGISTICS we cannot judge the promoters of the company because it is recently listed in the exchanges and now only the true colors of the promoters came out.But i read a lot of people and market analysts like SP tulsian and others say always invest in a company where the promoters have sound principals.Because we have few examples in the past like the satyam's ramalingaraju trying to buy a real estate company with the money that did not exist and the rest in history and ramalings rajus fate is sealed at that point only.
See the below video of the VRL LOGISTICS promoter saying to the CNBC TV18's anchors that he does not care about investors.
So while investing we need to make sure we invest in some company where it is having sound promoters and they always take care of the minority shareholders Like Aditya birla or Tatas.
Be careful and be wise while investing in a particular stock and check about the promoters credibility by searching in the internet about the person.
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